Treasury software group Visual Risk is partnering with independent treasury advisor Zanders to provide the latter’s clients with the opportunity to add analytic input from its Cashflow-at-Risk system to supplement their FX, interest rate and commodity risk management advisory projects.
“Macro global market conditions are increasingly volatile and this will likely be exacerbated when interest rates start rising to more ‘normal’ levels,” said Richard Hughes, managing director, Visual Risk. “Inevitably, market risk management is developing as a major focus for corporate treasuries in Europe and, as such, we are delighted to forge a closer collaboration with Zanders.”
Judith van Paassen, a partner at Zanders, added: “Our risk management projects commonly cover the identification and measurement of exposures and the design of robust and sustainable risk management policy and processes.
“Increasingly, our clients are interested in advanced risk modelling techniques such as Cashflow-at-Risk. Visual Risk helps them see their market risk positions modelled in a specialist analytic tool which applies dynamic Monte Carlo simulations to stress-test market conditions and model their hedging strategies.”
The European Central Bank will extend its quantitative easing programme for nine months beyond next March, but scale back the level of bond buying from €80bn to €60bn a month.
The agreement, after three years of debate, raise questions on future investment demand, but Fitch Ratings doesnʼt anticipate major market disruption.
The European Commission fined Credit Agricole, HSBC and JPMorgan Chase a total of €485m for manipulating the price of the financial benchmark.
Issuers should seek more engagement with investors, explain better how they generate value, and work with investors on a Swiss code of accountable governance, suggests a white paper.