by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
November 19, 2010
The past three years have been the perfect storm for financial institutions in terms of their risk management. Chaos (folly) seemed to be the operating mode during the height of the financial crisis.
What about corporate financial risk though? It seems to have been lost in the shuffle of the daily business news and perhaps understandably so. Relatively speaking, exchange rates have been calm – although the recent saber rattling about currency wars might be shifting. Interest rates for most of the world were at record lows before the crisis and, since, central banks have been playing a game of limbo dancing to see how low they can drive their domestic rates. It seems that only commodity prices and perhaps demand have been relatively volatile.
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