Treasury Operational Risk - Are The Controls In Check?

Originally published in February 2007

Financial scandals have been highlighted in the media to great effect. No-one wants to be the next headline.

Legislators and financial authorities have created a raft of standards and regulations to address a number of previous concerns. This may be connected with listing requirements in a particular market (Sarbanes Oxley) or sector-related regulation such as the FSA regulation of the UK banking sector.

Even those listed companies not burdened by regulation nevertheless have experienced an increase in governance and reporting requirements for all operational aspects of the business. Derivative transactions and the potential losses continue to focus attention on Treasury operations.