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Financial Services
Participants will identify key elements of foreign currency exposure and describe approaches to mitigate associated risks.
Host: Erik Smolders, managing director, Deloitte& Touche LLP
Presenters: Joe Spencer, manager, Deloitte & Touche LLP
Caleb Salankey, director, Financial Market Risk – Technip FMC
1 Overview CPE credit | Specialized Knowledge
Key takeaways
Over the past several quarters, currency volatility has picked up. Corporates with a global presence may see volatility in their reported earnings because of various factors. We’ll discuss:
- How to identify and measure currency risks (as some impacts of currency volatility might be embedded in supplier and customer agreements and not be immediately apparent from financial statements)
- How to establish risk tolerance levels and develop processes to maintain currency exposures within these tolerance thresholds
- Tools to reduce or mitigate identified exposures to currency volatility
- What to consider when developing exposure mitigation techniques
Erik Smolders
Deloitte - United States
Erik joined Deloitte & Touche LLP’s Treasury Advisory Services in January 2019 focusing mainly on M&A and treasury transformation projects as well as heading Deloitte’s treasury as a managed service initiative. Recent engagements include the development of a global treasury and in-house bank structure including pooling and intercompany netting; standing up treasury functions post-divestiture; the creation of an intercompany receivables factoring agreement; selections of treasury management system; and an overhaul of the global foreign currency-related flows of a global organization, resulting in a more centralized currency exposure management environment. Prior to joining Deloitte, Erik spent 12 years as the corporate treasurer for a technology company with responsibility for its global treasury and risk management functions and successfully worked through a variety of increasingly complex finance leadership roles with the company, especially in the areas of international treasury and cash management, mergers and acquisitions, financial planning and budgeting, credit risk management and corporate finance.
