Risk Management: Page 25

  • Richard Jones
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    FASB seeks comment on narrow hedge accounting fix

    Despite a unanimous vote, some board members expressed concern the proposed improvements to GAAP hedging guidance do not go far enough.  

    By • June 5, 2024
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    Cyberattacks pose mounting risks to creditworthiness: Moody’s

    “As more data becomes available — thanks to recently adopted disclosure requirements — attacks continue to proliferate,” a Moody’s executive said.

    By • June 5, 2024
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    Trendline

    Navigating risk in turbulent times

    CFOs must help their organizations mitigate risks by balancing the need for both growth and stability. 

    By CFO Dive staff
  • Google and the Consortium of Cybersecurity Clinics are collaborating on an effort to train diverse students in cybersecurity.
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    Courtesy of Consortium of Cybersecurity Clinics
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    Few CFOs control cybersecurity budgets. Here’s why more should.

    Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.

    By • June 4, 2024
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    Forecasts for Fed rate cuts probably too optimistic, Summers says

    “I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.

    By • June 4, 2024
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    Live Nation confirms Ticketmaster data breach after proposed class action

    The breach, which reportedly exposed the personal data of more than 500 million consumers to the “dark web,” was the direct result of poor cybersecurity measures, the lawsuit alleges.

    By • June 4, 2024
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    Most M&A buyers would pay 3% extra for a company with a good ESG profile

    ESG is playing a bigger role in dealmaking than ever before, Deloitte said.

    By • June 3, 2024
  • Computer Hacked, System Error, Virus, Cyber attack, Malware Concept. Danger Symbol. 3d rendering.
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    AI powers uptick in middle-market cyberattacks

    “While AI is available to the good guys it’s also available to the bad guys” and it is cutting the time it takes to mount a cyberattack, RSM’s Tauseef Ghazi said.  

    By • May 30, 2024
  • A bronze sculpture of an eagle with a 16-foot wingspan adorns the outside of the Federal Reserve Bank of Atlanta.
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    NY Fed President Williams forecasts hitting 2% inflation goal in 2026

    Price pressures will likely fall during the second half of 2024 as demand declines into better balance with supply, Williams said.

    By • May 30, 2024
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    Quility CFO looks to balance liquidity, growth in high-rate environment

    Interest rates remain something CFO Jennifer Yaross is keeping an eye on when it comes to “other levers we want to pull,” she said.

    By • May 30, 2024
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    ‘Worst’ yet to come for commercial real estate: Conference Board

    Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist.

    By • May 29, 2024
  • Screen showing rising interest rates.
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    ‘Higher-for-longer’ rates saddle companies with $381B in added costs

    "The new higher-interest-rate environment might trigger a decaffeinated repeat of the 2008 financial crisis,” according to a partner at Baringa.

    By • May 28, 2024
  • SEC headquarters
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    "U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
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    SEC clarifies intent of cybersecurity breach disclosure rules after initial filings

    The rules require notification of “material” breaches, but some early filers have reported incidents that appear to fall short of the regulatory threshold. 

    By • May 28, 2024
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    Gensler slams crypto after House passes bill opening ‘regulatory gaps’

    A growing number of companies in the U.S. and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte.

    By • May 24, 2024
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    SEC fines NYSE’s parent $10M for failing to report cyberattack

    The settlement sheds light on the costs of cyberattacks that can include penalties for non-compliance with timely disclosure requirements after the events occur.

    By • May 22, 2024
  • A black sign that says Red Lobster that is outside of a building that also says Red Lobster
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    Red Lobster’s ‘erratic’ payments to vendors among bankruptcy warning signs: Creditsafe

    The company’s average “days beyond terms” jumped from 15 in December to 30 in January, reaching 57 as of March.

    By • May 22, 2024
  • Two corporate businessmen shaking hands while one man places money in the other's pocket.
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    More small companies willing to distort books to hide corruption: ACCA

    The U.S. has made little progress combating corruption since 2021, according to Transparency International.

    By • May 21, 2024
  • Lexion
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    Shadow IT surge threatens corporate data: report

    OpenAI’s ChatGPT tool remains the most frequently used AI application in the workplace, according to the research.

    By • May 21, 2024
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    Economists bump up 2024 core PCE inflation forecast to 2.7%: NABE

    Fed officials reiterated Monday that before trimming borrowing costs they need more confidence that price pressures will steadily decline.

    By • May 20, 2024
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    GDP growth to sink below 1% amid ‘serious headwinds’: Conference Board

    Several recent signals from the economy suggest that the expansion is slowing after defying recession predictions in 2023.

    By • May 17, 2024
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    Scammers siphon $25M from engineering firm Arup via AI deepfake ‘CFO’

    Cybercriminals utilized AI deepfakes to falsely pose as Arup’s CFO and other employees, leading a staff member to transfer $25 million to Hong Kong bank accounts.

    By • May 17, 2024
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    Kate Tornone/CFO Dive
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    Employers should include workers in AI plans, DOL says

    The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.

    By Ryan Golden • May 16, 2024
  • Header image for "Fed Minutes Show Heightened Inflation Concerns"
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    Inflation cools, reassuring Fed after unexpectedly hot gains in Q1

    The yield on the benchmark 10-year Treasury note fell on investor speculation that slower inflation will prompt the Fed to sooner cut borrowing costs.

    By • May 15, 2024
  • Consumer looks at window sticker on car with pricing information.
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    Tim Boyle via Getty Images
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    Companies are choosing leaner operations over price hikes: BCG

    Passing on cost increases to inflation-weary consumers is challenging, but not raising prices carries its own risks.

    By • May 15, 2024
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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    Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike

    “We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?’”

    By • May 14, 2024
  • A photo of the street sign for Wall Street, in front of a row of American flags.
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    Brex CFO mulls long-term IPO scenario but keeps eye on costs, ROI

    The prevailing attitude among companies seeking to go public is to achieve profitability beforehand, Ben Gammell said.

    By • May 14, 2024