The nature of reported financial performance and financial disclosure is undergoing a dramatic change. The author argues that the issue of accounting for financial instruments and its emphasis on fair values goes to the heart of the problem. He argues that the thoughts provided by the AIMR...

The author, a technical officer at the Association of Corporate Treasurers, describes the growth in the power of the rating agencies and explains the background and content of the new code which has been proposed to cover their activities in both the UK and the US.

Discusses business risk modelling and how it has changed from its earlier days and its, then, less complexity. Looks at the concept of value‐at‐risk (VAR) and develops its impact on financial institutions and further examines thoroughly all the variants of VAR. Examines VAR for both...

States that information and help on managing business risk was sought by the Financial and Management Accounting Committee of the International Federation of Accountants (IFAC). Examines Pricewaterhouse‐Coopers part in this – in their guise as Global Risk Management Solutions and the...

Looks at the problems and fears surrounding banks and financial institutions with regard to the Y2K computer systems date programs. Discusses the possible scenarios for the midnight of 31 December 1999 and that even with all the planning involved, no‐one was sure of the outcomes and the...

Examines the rapid advances in risk measurement capabilities of financial institutions with the Basle Accord standards firmly in mind. Gives firm guidelines from the Basle Committee and recommendations and examples. States many financial institutions have developed methods for relating risk to...

Investigates Internet‐related changes taking place in the financial world – particularly in treasury systems. Looks at web/com enabling and server‐based thin client in depth, as these are the two main thrusts in e‐commerce. Looks at the relevance for treasury systems including cash...

Risk management issues and the implications and implementation of the Basel Accord are concentrating the minds of the banking industry. The author assesses the implications and, from a legal standpoint, advises on how to apply the new skills which will be required. She also suggests various...

Risk management is more important in the financial sector than in other parts of the economy. But it is difficult. The basis of banking and similar financial institutions is taking risk in conditions of uncertainty. Describes how the Turnbull report, for which the author was project director,...