As part of the International Accounting Standards Board's (IASB) response to the financial crisis, IFRS 9, which replaces IAS 39, aims to align hedge accounting more closely with risk management. As a result, a broader range of economic hedging strategies are likely to qualify for hedge accounting.
There are potential cost savings to be made for global corporates who choose to avail themselves of the renminbi products and services that these hubs provide.
Just how much has changed when it comes to the role of the corporate treasurer and what will it look like in the future?
About half of U.K. businesses (45 percent) do not manage currency risk following Brexit, according to the results of the British Chambers of Commerce’s (BCC) latest International Trade Survey.
Corporations with revenues and expenses in foreign currencies have often grappled with the dilemma of whether to hedge each exposure, and if so, how much of it.
EU finance ministers have failed to agree on extending anti-tax avoidance rules to hybrid mismatches between member countries and foreign territories.
What are the key trends impacting the corporate borrowing landscape in a post-Trump market?
The potential scenarios that may emerge from the Brexit negotiations will have varying impact on the current tax system.
Is being “Southbound” the answer for Taiwan?
New IFRS accounting standards are due to come into force from 2018 and will have a direct impact on companies' financial indicators such as earnings before interest, taxes, depreciation and amortization (EBITDA).