FXRisk ManagementThe NeuGroup Insights Interview
April 17, 2024

Seeing Risk Through an Auditor’s Sharp Lens: Bill Brewer of BMS

Bristol Myers Squibb’s Bill Brewer on what treasury can learn about risk with an auditor’s mindset and perspective.Effective financial risk management is a fundamental component of how treasury delivers value to a business. And treasury’s skills managing risk have been put to the test repeatedly and profoundly in the last few years amid the pandemic, spiking interest rates, bank failures, wars and more. At Bristol Myers Squibb, treasury has risen to the challenge thanks in part to the expertise of a…
Risk ManagementTalking Shop
March 20, 2024

Talking Shop: Benchmarking Helps Move Insurance Off IA’s Plate

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Context: Buying insurance coverage is an important and challenging task for most corporations, a form of risk management known as risk transference. Companies purchase policies to cover losses including those from property damage, cyberattacks, claims against directors and officers, and product liability. As noted in a recent Talking Shop about workers’ compensation insurance, oversight of insurance is…
Risk ManagementTechnology
March 13, 2024

Planting Seeds: IT Auditors Aim to Harvest AI Insights From Data

The race for leveraging generative AI as a strategic advantage is on, but the ground must be tilled before the field yields results.Large language models (LLMs) like ChatGPT and Microsoft Copilot have swept through the corporate landscape as many companies have licensed or built their own internal instance of the technology. Early adopters in organizations are getting their hands dirty with this new tool, but those in the know realize that their house—the underlying data on which AI models are…
Risk Management
March 6, 2024

Banding Together: Uniting Risk Management, Finance and Safety

NeuGroup members are creating risk teams within finance that rethink risk from a top-down perspective. In response to rising commercial insurance premiums and other factors, NeuGroup members are taking proactive steps to fortify risk management strategies. One option that came to light at a recent session of NeuGroup for Risk Finance and Insurance: creating a risk management team that sits within finance and is empowered to work with safety, claims and insurance teams to foster a company-wide culture of risk awareness.…
Risk ManagementThe NeuGroup Insights Interview
February 28, 2024

Balancing Act: A Former Auditor’s Perspective on Financial Risk

A Bristol Myers Squibb risk manager shares how a balanced approach to controls can optimize treasury efficiency. The multifaceted job of financial risk management within corporate treasury includes the effective use of controls to mitigate all sorts of potential threats to a company’s financial stability. But don’t let controls get out of control—implementing too many of them to manage financial risks can inadvertently create operational risks. That’s a key takeaway from a recent NeuGroup conversation with Bill Brewer, associate director of financial risk…
Risk Management
January 31, 2024

Risk Readiness: ERM’s Key Role in Business Continuity Planning

Amid rising geopolitical, climate and cyber risks, enterprise risk managers play an important part in preparation plans. Recent natural disasters, cyberattacks and wars in Ukraine and Gaza are underscoring the importance of developing robust business continuity plans (BCPs) to ensure companies can keep operating in the aftermath of a crisis. The current, volatile state of affairs is also drawing attention to the value enterprise risk management (ERM) teams bring to business continuity management, including the identification of risks that could…
Risk ManagementTreasury Management
January 17, 2024

Staying the Course: Treasury Teams Aren’t Planning Cuts in 2024

NeuGroup’s 2024 Agenda Survey shows most treasury teams plan to stay the same size as headwinds die down.Rising interest rates and rampant recession fears early last year had some treasurers feeling pressure to cut costs and reduce treasury headcount. But as those headwinds eased, NeuGroup’s 2024 Treasury and Finance Agenda Survey conducted in late 2023 shows most treasuries planned to stay the course and keep team size flat or even expand staffing in 2024 (see chart below). A majority of respondents to the survey…
Risk ManagementTechnology
January 4, 2024

Rates, Credit Risk and AI: The Best of NeuGroup Insights 2023

Popular posts telling the story of 2023, including volatile interest rates, bank counterparty credit risk and early treasury use cases for AI. Top NeuGroup Insights of 2023. We are looking back at the 10 NeuGroup Insights posts that resonated most with members, sponsors and other readers during the past 12 months. These popular articles help tell the story of 2023 and merit reviewing or reading for the first time because they retain their relevance—for better or worse—as treasury and finance teams…
Capital MarketsRisk Management
December 20, 2023

Don’t Ignore the Halo Effect in Credit Ratings for Subsidiaries

Why ratings used to set rates for intercompany loans should factor in ‘ordinary’ support parents provide subsidiaries. The internal credit ratings of subsidiaries that a parent company may use to help determine the interest rate for an intercompany loan need to reflect a halo effect that incorporates any day-to-day, ordinary support the subsidiary receives from the parent. That is among the key takeaways from a presentation by Societe Generale at a recent meeting of NeuGroup for Mega-Cap Assistant Treasurers sponsored by the…
Risk ManagementThe NeuGroup Insights Interview
December 13, 2023

Tied to the Business When Crisis Hits: P&G Treasurer Tadd Fowler

At P&G, treasury and tax are “tied at the hip” with the business in countries where instability and volatility prevail. Many multinationals and their finance teams have extensive experience operating in countries in the throes of economic and geopolitical turmoil. Most have used what they’ve learned from managing amid hyperinflation, currency devaluation and war to prepare for future crises. Among them is NeuGroup member company Procter & Gamble. In a NeuGroup video you can watch by hitting the play button below, Tadd Fowler,…