THE MAGAZINE FOR FINANCIAL DIRECTORS AND TREASURERS
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TREASURY & RISK MANAGEMENT

CASH MANAGEMENT
SCORING IN ASIA
More banks are sharing their access to the Swift cooperative network, arming treasurers with one more weapon in the corporate wars. (May 2008)

WHAT GOES AROUND
A ruthless U.S. class-action lawyer gets his comeuppance; CFOs on the move. (November 2007)

J-SOX COMES TO AMERICA
J-Sox in the US.
(June 2006)

BANKING TO THE PEOPLE
Swift offers a new service allowing easier connectivity to the financial messaging service. For now, though, not all companies are eligible to use it. (May 2006)

LOCAL HEROES
The region’s banks get some love.
(April 2006)

TREASURE TROVE
How banks are getting better at giving treasurers their heart’s desires. (Apil 2006)

BEYOND CASH MANAGEMENT
Treasury stretched
(November 2006)

GOLDEN HOARDS
There’s more cash than ever in the world’s companies. Why? (October 2006)

REMOTE CONTROL TREASURY?
Making sense of the joys and perils of centralizing cash management. (Mar 2006)

THE OTHER INDIA
The world’s back-office capital still uses old paper systems for its own transactions. (Dec 2005)

APPRECIATING REALITY
How China’s companies are preparing for a renminbi revaluation Living in a culture of corruption (Jul 2005)

WISH LIST GRANTED?
Multinational corporate treasurers and their global bankers are applauding a general loosening of restrictions on cash management in China. (Nov 2004)

TREASURERS' PLEA
Pity the poor treasurers, writes Nokia's money-man for the Asia-Pacific in a polemic designed to rally his colleagues to press banks into embracing innovative initiatives such as RosettaNet. A rebuttal by a treasury specialist and former banker gives the banks' side. (Oct 2003)

NO QUICK FIX
Companies are finding limited advantages to becoming first movers in linking together RosettaNet, a web-based platform for trading. (Oct 2002)

THE PERFECT TREASURY
The treasurer remains the CEO of cashflow, the most prized metric of any company's financial health. And the key to managing that metric is information: knowing a company's financial position and risk exposure at any given time. Today, there is no excuse for bad treasury management, thanks to the risk management capabilities that emerging technologies allow. (Apr 2002)

CHINA'S ENTRY INTO WTO - CASH CONTROL
A lot of the uncertainty in cash management is now starting to disappear, thanks to the introduction of a national interbank clearing system. (Mar 2002)

FX AND THE HOLY GRAIL
Straight-through processing is the buzzword that is making treasurer's hearts flutter. The streamlining and automation of entire trade cycles will not only reduce a treasurer's workload, but also shrinks the potential for human error. (Mar 2002)

GETTING PAID
With sales now coming in trickles, CFOs find themselves wearing their credit risk manager's hat more often. The fact that Asia was always a high credit risk was overlooked in the boom years, but now credit management is something no CFO can take for granted. To realign strategies in order to stay afloat during and after a recession, CFOs need to accelerate credit collection without alienating customers. (Dec 2001)

TIME BANDITS
In bad times, bill collection leaps to the forefront of many companies' lists of priorities. And for some companies, figuring ways to delay payment is the order of the day. Particularly in Asia, where cross-border trade is the lifeblood of many companies, accounts receivables are swelling. Here's how some companies are coping with this payment crunch. (Nov 2001)

GETTING A HEAD FOR YIELDS
Many companies in Asia view cash management as nothing more than a survival tool. But with Asian currency and interest rate outlooks headed south, risk is back in vogue and treasurers need to prove they can manage their assets around it. At the same time, a new way of looking at cash management is emerging, emphasizing value creation as well as traditional stewardship of working capital. (Apr 2001)

A STAR IS BORN
Once seen as a simple route to cut costs, centralized treasury operations are now doing much, much more. (Jul 2000)

LOCKBOX, AND TWO SMOKING BARRELS
Consoliding treasury operation is far from easy. But more and more finance executives say that such an understaking can be well worth the effort. (Sep 1999)

WHEN CORPORATES CHARGE
Bausch & Lomb turns to purchasing cards to help pare transactions costs in Asia. (Jul/Aug 1999)

FOUND MONEY
Some CFOs are turning to external auditors to help tune up their accounts payable systems. (May 1999)

RELENTLESS
An inside look at how finance managers at troubled companies across the region are dealing with their debt - and their persistent debt collectors (Feb 1999)

SURVIVAL OF THE FASTEST?
In the fast evolving world of cash management, the path to success is fraught with risk. The best advice:companies need to proceed with caution. (Dec/Jan1999)

LET'S MAKE A DEAL!
With cash in short supply, CFOs are turning to barter to keep their businesses running. (Nov 1999)
RISK MANAGEMENT
BEIJING BROAD JUMP
The Olympics controversy highlights a delicate corporate social responsibility issue for multinationals. (Jun 2008)

850,000 LAWSUITS IN THE MAKING
Chinese companies sue over intellectual property.
(May 2008)

CHINA’S GREEN ENFORCERS
China’s green police get tough.
(April 2008)

OVERLOOKING THE OBVIOUS
Has risk management become too reliant on technology? (April 2008)

MISSING PIECES
How risk management failures contributed to the subprime mess. (March 2008)

HARDER TO HIDE
The global crackdown on corporate bribes.
(February 2008)

BREAKING POINT
Are China’s listed companies growing too fast? (Dec 2007/Jan 2008)

TALES OF THE UNEXPECTED
Can enterprise management programs deliver bottom line value? (Dec 2007/Jan 2008)

TWO FACES OF RISK
CFOs on the move. (Dec 2007/Jan 2008)

FOREX FEARS
Asia’s surging currencies. (November 2007)

ONLY THE STRONG SHALL THRIVE
Winners and losers in the global credit crunch. (October 2007)

EARTH, WIND, AND FIRE
Negotiating the risks of climate change. (September 2007)

THE BRIGHT SIDE OF BUBBLES
A new book argues that there is an upside to speculative bubbles. (May 2007)

UNFINISHED AGENDA
Asia’s unfinished post-crisis business. (Apr 2007)

INFLECTION POINT
Reining in the hedge funds
. (Feb 2007)

WHO DO YOU TRUST?
How to protect your company from becoming a victim of pretexting. (Dec 2006/ Jan 2007)

SETTING A GOLD STANDARD
Gold as currency of commerce
(September 2006)

STAYING AFLOAT
What CFOs can do as risk is shifted to Chinese suppliers. (September 2006)

FORGET SOMETHING?
Security gone wrong
(May 2006)

SHIFTING THAT RISK
Banks are finding new ways to mitigate supplier risk. (Jun 2005)

INSURANCE - FILLING THE VOID
In a world at war and facing random acts of terrorism, there are rational arguments for covering CFOs with key-person life insurance. But not everyone is buying it. (Apr 2003)

POINT OF VIEW: RISK, SYNTHESIZED
Securitization has so far been little used by CFOs in Asia, but a new special purpose vehicle, synthetic securitization, may change attitudes towards risk. (Mar 2003)

INSURANCE: COVER ME
The corporate accounting scandals in the US have highlighted CFOs' liability in shareholder suits. But D&O premiums are soaring even as executives are being asked to retain far more risk. And there are even darker clouds on the horizon. (Dec 2002)

CREDIT MANAGEMENT: SEEING IS BELIEVING
Where credit is involved in China, risk assessment is often poorly executed. In fact, companies are pretty much on their own, since China lacks a credit information bureau. More often than not, credit is granted on the strength of relationships. (Jul 2002)

RUNNING FOR COVER
CFOs in Asia are faring better than their counterparts in the US and Europe. But premiums are trending higher anyway. Techniques allowing lower premium in return for greater risk-sharing are being utilized by regional CFOs. (Dec 2001)

EVERYBODY INTO THE POOL
Asian companies and their treasurers are reducing finance costs by 'racing the sun'. (Sep 2001)

INSURANCE
Today's companies are vulnerable to crimes in cyberspace. Insurance against e-business risks is becoming more popular, but the lengthy process of getting a provider, along with the costs involved mean that many companies are doing without. (Mar 2001)

DEPARTMENT: GRIN AND BEAR IT
Many CFOs in Asia are taking precautions against an economic downturn blowing in from the US. They are tackling the problem in a number of different ways. (Mar 2001)

THE GREAT CASH HUNT
All too often neglected, efficient working capital strategies can make a strong contribution to the bottom line.
Click here to download the Microsoft Excel file with the full ranking. Companies are grouped in industries.
(Feb 2001)

LOWERING THE BAR
Value-at-Risk is used widely in the US and Europe. But can CFOs rely on this statistical method in volatile Asian markets? (Sep 2000)

PLAYING IT SAFE
The computer industry and governments are taking notice of a new approach to on-line security. CFOs should too. (Sep 2000)

GOING TOO VAR
Value-at-Risk is used widely in the US and Europe. But can CFOs rely on this statistical method in volatile Asian markets? (Jul 2000)

DEFUSING THE BOMB
A new approach to risk management can help finance managers take the sting out the the next disaster. (Jun 2000)

GREAT EXPECTATIONS
Banks are developing web-based products to facilitate cash management. Will Asian companies put their faith in them? (May 2000)

TO CATCH A THIEF
Poor internal controls are contributing to a worldwide expansion in white-collar crime. Can CFOs reverse the trend? (May 2000)

RIDERS ON THE STORM
Does insuring against political risk make sense? It may, if your company has millions invested in a volatile market - and can afford the hefty premiums. (Nov 1999)

ACTS OF GOD AND MONSTERS
Getting hit by a disaster is bad enough. Not having a plan to deal with it is worse. More and more finance executives are now making business continuity planning a priority. (Oct 1999)

RISKY BUSINESS
CFOs in Asia who skimp on employee compensation insurance are asking for trouble. (Jul/ Aug 1999)

KIT AND CABOODLE
Understanding the skepticism about enterprise risk management. (Jun 1999)