Risk ManagementTalking Shop
July 19, 2023

Talking Shop: Who Owns Global Workers’ Comp Insurance?

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: Oversight of insurance—policies for directors and officers, property, cybersecurity, product liability and other risks—is among the responsibilities of many finance organizations in the NeuGroup Network. As for workers’ compensation coverage, one treasurer and NeuGroup member responsible for insurance at his current and former employer said, “my experience is that the department which…
BankingRisk Management
July 13, 2023

Digging Deeper: Finding New Metrics for Counterparty Credit Risk

Treasurers are adding new ways to measure the credit risk posed by their banks, new NeuGroup Peer Research shows. The nearly overnight demise of Silicon Valley Bank jolted many corporate treasurers into taking a hard look at what metrics to include when assessing banks’ creditworthiness. New NeuGroup Peer Research shows many treasury teams are now going beyond the obvious to evaluate their counterparty credit risk. Missing the signs. The urgency of this review and retooling is fueled in part by the realization, in…
BankingRisk Management
June 28, 2023

SVB Shockwaves: Updating Bank Counterparty Credit Risk Strategy

NeuGroup Research survey results on the repercussions of the SVB collapse for corporates managing risk. The immediate flurry of activity by corporates in the aftermath of Silicon Valley Bank’s first-quarter collapse has subsided. But as the second quarter draws to a close, new NeuGroup Research shows the crisis of confidence ignited by SVB will have long-lasting implications. Preliminary results of the Best Practices in Assessing Bank Counterparty Risk Survey reveal the crisis has triggered a reassessment of bank counterparty credit…
Risk ManagementTalking Shop
June 14, 2023

Talking Shop: How Many Pages Is Your Internal Audit Charter?

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: International standards followed by The Institute of Internal Auditors (IIA) require that companies review their internal audit (IA) charters annually. An IA charter provides organizations with a “blueprint for how IA will operate” and helps audit committees (ACs) “clearly signal the value” they place on IA’s independence, according to the IIA. The professional association says an IA…
Risk ManagementThe NeuGroup Insights Interview
June 1, 2023

Wanted: Strategic CFOs Who Drive Revenue, See Risk Holistically

The founder of CFO.University envisions finance teams that use analysis skills to drive sales while taking a wide view of risk. In the newest episode of NeuGroup’s Strategic Finance Lab podcast, Steve Rosvold, the founder and chief learning officer of CFO.University, shares a vision of the future for chief financial officers and the teams they manage, including FP&A. It’s a future where finance organizations use their expertise at analysis to mine insights from data and add more strategic value to corporates, in part by focusing…
Cash & Working CapitalRisk Management
May 24, 2023

Debt Limit Deadline Dialogue: Risk, Revolvers, Fiduciary Duty

Finance teams discuss liquidity, parking cash, the big economic picture and treasury’s role as the clock ticks to June 1. Bank deposits, the safety of money market funds (MMFs), de-risking balance sheets, fiduciary duty and revolving credit facilities are among the topics dominating recent discussions among NeuGroup members about liquidity and the possibility of the US government defaulting on its obligations if a deal to raise the debt ceiling isn’t reached by June 1. Watching and waiting. The vast majority of…
Cash & Working CapitalRisk Management
May 18, 2023

Preparing for the Worst in the Debt Ceiling Showdown

As June 1 draws close, treasury teams need to consider how a default might affect liquidity and what to do now. Treasury Secretary Janet Yellen repeated on Monday that if the debt limit isn’t increased or paused, the US will probably be unable to pay all its bills as early as June 1. And while the worst case scenario of a default seems unlikely, few observers see a quick fix to the problem, despite Tuesday’s meeting between President Biden and…
Cyber riskRisk Management
May 18, 2023

A Cybersecurity Policy That Adapts to the Time and the Place

Dark web monitoring and burner phones are among the ways members are minimizing risk in the modern world.In a world increasingly plagued by ransomware, and now the threat of AI-driven mischief fueled by the rise of large language models like ChatGPT, it’s time for cybersecurity policies to adapt with the times, according to members of NeuGroup for Enterprise Risk Management. At the group’s first-half meeting, one member shared their experience leading a company-wide initiative to create a comprehensive cyber risk policy. A guest…
BankingRisk Management
April 27, 2023

The Big Picture Beyond Banks: A Holistic View of Counterparty Risk

A good risk management system requires a list of all exposures, according to CFO.University’s Steve Rosvold. The Silicon Valley Bank crisis raised concerns for many corporates around bank counterparty risk—but counterparty risk goes beyond just banks, as companies are also exposed to the actions of customers, vendors and investors. In order to effectively manage these risks, it is essential for a finance team to adopt a holistic approach that tracks all sources of exposure. That’s one takeaway from an upcoming…
Risk ManagementTalking Shop
April 27, 2023

Talking Shop: Bank Counterparty Risk: Does the Branch Matter?

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: The crisis of confidence ignited by the flameout of Silicon Valley Bank prompted finance organizations at multinational corporations to ask a plethora of probing questions about bank counterparty risk and the safety of corporate cash. Though some questions have been answered and appropriate actions taken, ongoing fears around midsized regional banks like First Republic are causing…