Talking Shop

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: Interest rate swaps allow corporates to manage risks stemming from exposure to the fixed and floating rates they pay on debt obligations, including bonds. The price they pay for swaps is a major consideration for companies selecting the banks who become their counterparties in the transaction. In picking counterparties, most treasury teams…

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…

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: Fraud risk assessments performed by internal auditors are designed to identify a company’s vulnerabilities to internal and external fraud, including embezzlement, asset misappropriation, misstatement of financial information, corruption and cybercrime. According to a position paper by The Institute of Internal Auditors, “organizations should have robust internal control procedures to limit the risk of fraud,…