Read our ‘A focus on financial risk management’ brochure

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A focus on financial risk management

1.  The coronavirus pandemic has triggered the most significant global economic shock in modern history. The emergence of the virus has forced governments to introduce unprecedented restrictions.

2. Volatility in financial markets – including in currencies, commodities and interest rates – have and will likely continue to pose a significant threat to corporate profitability.

3. Effective risk management strategies can help businesses reduce their exposure to large swings in market prices and gain much needed cashflow certainty in these unprecedented times.

Read our ‘Building confidence for the future through effective risk management’ brochure

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Building confidence through effective risk management

1. Managing financial risk in a changing world

It is important to note that a switch from unstable financial markets to those which have partially normalised is a form of volatility. This can make risk management decision-making more challenging in the near and medium term.

2. Building a resilient supply chain

For many years businesses have been focussing on supply chain optimisation to minimise costs and reduce inventories. In doing so, many companies have removed buffers and flexibility to absorb disruptions.

3. Risk homeworking can bring to your business

Companies switching to a homeworking model may not have the technology, policies and training in place to support them securely and may be relying on employees’ personal IT equipment.

Best practices include actions such as: developing a homeworking policy appropriate to your business and technology capability, enabling device encryption to protect stored data, making offline backups of your data regularly, avoiding the use of open Public Wi-Fi Networks and educating employees to spot suspicious phishing emails and how to safely use collaboration tools.