Put all your eggs in one big basket
For a long time centralisation has been the holy grail when it comes to improvements in treasury and cash management.
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BLOGS
Treasury Matters
Financial insight from industry thought leader Joergen Jensen
Archive for November, 2008
Don’t pass the buck – create competitive advantage
Last week I read an article in the FT about how the CFO will face turbulent times in the near future, and how important cash flow forecasting and cash management have become in the credit crisis. Although this was a very insightful article, there was one fundamental issue that troubled me.
Centralising credit risk
When it comes to apportioning blame for the credit crisis, credit default swaps (CDS) are one of the targets. Fingers have been pointed in other directions, including Fair Value Accounting, but few would argue that CDSs have become something of a scapegoat.
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What is Fair?
The International Accounting Standards Board (IASB) has just released a new guide to fair value accounting in inactive markets. This is a reaction to the criticism that has blamed the banking crisis on fair value accounting.
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