Risk Management: Page 53
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Courtesy of BioNTech
Deep Dive4 CFO lessons from the pandemic
CFOs are advancing into the second year of a once-in-a-century pandemic with lessons they’ve learned while coping with a broad range of disruptions from COVID-19.
By Jim Tyson • March 26, 2021 -
New York passes law guiding LIBOR transition for $1.9 trillion in debt
New York lawmakers approved legislation clarifying the switch from LIBOR to an alternative reference rate for much of $1.9 trillion in outstanding contracts.
By Jim Tyson • March 26, 2021 -
Explore the Trendline➔
alexyz3d via Getty Images
TrendlineNavigating risk in turbulent times
CFOs must help their organizations mitigate risks by balancing the need for both growth and stability.
By CFO Dive staff -
CFOs predict massive revenue growth, greater ESG focus: survey
Eighty-one percent of CFOs expressed optimism towards economic recovery in PwC's latest Pulse survey, topping the broader C-suite’s positive outlook of 76%.
By Jane Thier • March 26, 2021 -
House panel flags $84 billion in potential fraud in PPP, other coronavirus crisis loans
Fraudulent loans under the PPP and another coronavirus aid program may total nearly $84 billion, with less than 1% recovered so far, according to a U.S. House panel.
By Jim Tyson • March 25, 2021 -
Retrieved from Official White House Photo by Adam Schultz.
Federal watchdog warns of potential crisis in post-pandemic U.S. fiscal health
The Government Accountability Office said U.S. debt, pushed up by $6 trillion in pandemic rescue spending, will hit a record high in 2028, increasing the odds of fiscal crisis.
By Jim Tyson • March 24, 2021 -
MicroStrategy CEO: Treasurers should buy Bitcoin as cash alternative to hedge inflation
Record stimulus is likely to stoke inflation, making Bitcoin an attractive backstop for corporate treasurers, according to Michael Saylor.
By Jim Tyson • March 23, 2021 -
Top Fed official warns banks slow to end use of LIBOR
Federal Reserve Vice Chair Randal Quarles said regulated institutions face “intense” oversight of their transition from the London Interbank Offered Rate (LIBOR).
By Jim Tyson • March 22, 2021 -
Adeline Kon/CFO Dive, data courtesy of Adeline Kon
Deep DiveHow university CFOs survived the 2020 pandemic
The pandemic has shown the limitations of endowments as a resource, the risks of too many people in charge, and the intricacies of decision-making as a higher ed CFO.
By Jane Thier • March 19, 2021 -
Federal watchdog warns of cybersecurity risks to employee retirement plans
Fiduciaries might not realize they could be liable for losses they were obligated to prevent, the Government Accountability Office says.
By Jim Tyson • March 17, 2021 -
SEC chair wants corporate disclosure of political donations in ESG regime
SEC Acting Chair Allison Herren Lee said disclosure on political spending would help investors ensure company donations align with public ESG statements.
By Jim Tyson • March 16, 2021 -
RF/CFO Dive, data from Pixabay
'Uncertainty cube' touted for sharper modeling
By analyzing more variables over more paths, FP&A teams can narrow down risk scenarios, McKinsey analyst Aleksander Petrov says.
By Robert Freedman • March 15, 2021 -
Permission granted by E.A. Crunden
Lawmakers propose extending PPP coronavirus rescue aid through May
Legislation introduced in the House and Senate would postpone the deadline for the Payroll Protection Program from March 31 to May 31.
By Jim Tyson • March 15, 2021 -
SEC official: Companies avoiding ESG disclosures 'risk higher costs of capital'
Disclosing some ESG-related issues may eventually prove as important for companies as reporting asbestos-related risks, a top SEC official said.
By Jim Tyson • March 13, 2021 -
CFOs see need to overhaul capital strategy amid pandemic 'shock,' EY says
The pandemic has given CFOs a "once-in-a-generation shock," forcing them to completely rethink their capital allocation strategy, an EY survey found.
By Jim Tyson • March 11, 2021 -
Companies 'prone to self-delusion' when using cloud, McKinsey says
Most industrial companies have adopted cloud computing but few “reap the cloud’s full rewards,” McKinsey says.
By Jim Tyson • March 10, 2021 -
Goodwill impairment on track to rival 2008 meltdown
Goodwill is projected to drop $143 billion in 2020 due to the pandemic, Duff & Phelps analysts say, while also noting that the government stimulus should probably get credit for preventing greater losses.
By Robert Freedman • March 10, 2021 -
Credit risk eases after regulator clarifies sunset of LIBOR, Moody's says
Regulatory clarity on the phase-out of LIBOR has reduced the credit risk tied to billions of dollars in financial contracts, Moody's Investors Service said.
By Jim Tyson • March 9, 2021 -
Deep Dive
CFOs facing an unprecedented range of risks find an edge in analytics
CFOs are adapting to an unusually hazardous business landscape by forecasting with advanced data analytics.
By Jim Tyson • March 8, 2021 -
Companies consider cheaper, faster Subchapter 5 bankruptcies
The process’s higher debt threshold opens the door to companies that would otherwise have few options besides expensive Chapter 11.
By Robert Freedman • March 2, 2021 -
Courtesy of Kraft Heinz
CFOs optimistic about revenue growth, plan big investments, survey finds
Most CFOs in the U.S. and U.K. plan “significant financial investments” while seeing bright prospects for growth in revenue and the economy, according to a Proxima survey.
By Jim Tyson • Feb. 28, 2021 -
Cloud ERP takes top spot on CFO priority list for IT spending, survey finds
CFOs prioritize cloud enterprise resource planning, while giving lower rankings to artificial intelligence and blockchain/Internet of Things, Gartner says.
By Jim Tyson • Feb. 25, 2021 -
Biden's corporate tax hike would reduce output, jobs, wages, study finds
Biden’s proposed increase in corporate tax would push up the U.S. federal-state combined tax rate to the highest level in the OECD, the Tax Foundation said.
By Jim Tyson • Feb. 24, 2021 -
Powell says Fed will press on with stimulus, noting inflation persists below 2%
Federal Reserve Chairman Jerome Powell told a Senate committee several factors beyond policy accommodation are increasing asset prices.
By Jim Tyson • Feb. 23, 2021 -
Courtesy of California Pizza Kitchen
As restaurants recover, their success formula will change
Off-premise innovations like ghost kitchens will characterize the industry going forward, a Duff & Phelps analysis says.
By Robert Freedman • Feb. 22, 2021 -
Small businesses 'muscled out' of aid to receive exclusive access to PPP loans
President Biden is targeting Paycheck Protection Program loans to businesses with fewer than 20 workers that he says received too little from the coronavirus rescue program in 2020.
By Jim Tyson • Feb. 22, 2021
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