A practical and accessible guide that demystifies ForEx risk for managers in all areas of business Virtually any organisation active in the global economy is impacted by fluctuations in foreign exchange (FX or ForEx) markets. Managers need to understand this increasingly complex issue and measure their firm’s exposure to risk. Corporate Foreign Exchange Risk Management is an in-depth yet accessible guide on effective ForEx exposure management. Designed for professionals responsible for managing a profit &amp; loss or balance sheet influenced by ForEx fluctuations, it enables risk managers to navigate the interconnected worlds of financial management and economics. This innovative guide integrates academic discussion of the economics of risk management decisions and pragmatic advice for various situations in which performance measures affected by accounting standards are paid considerable attention. Readers are provided with the tools and knowledge required to handle a broad range of issues related to ForEx risk management. Clear, non-technical chapters demystify concepts that often appear complicated and confusing to managers. Written by globally-recognised experts in corporate finance, risk management and international business, this book: <ul>
<li>Employs a reader-friendly narrative style to explain complex concepts</li> <li>Provides a clear, actionable risk management strategy which can be used in a variety of businesses</li> <li>Places all concepts in relatable, real-world contexts</li> <li>Explains important academic research to practitioners in plain English</li> <li>Includes effective pedagogical tools and explanations, straightforward examples and end-of-chapter summaries which highlight key points</li> </ul>
Corporate Foreign Exchange Risk Management is a must-read for any manager who deals with corporate exposure to ForEx risk, as well as analysts wishing to better understand the relation between corporate performance and ForEx fluctuations and students of corporate risk management.

Corporate Foreign Exchange Risk Management

Business & Money

Jankensgard, Hakan

Oxelheim, Lars

Alviniussen, Alf

Finance

wiley

In this book, two experts on the topic raise the question of why many ERM programmes end up as box-checking silos with almost no connection to important decision-making processes, whereas others are empowered and end up having a profound impact on the firm's culture, governance structures, and strategy process. The book establishes a path to empowered ERM by drawing on insights from theory and hard-won lessons from practice. Success factors enabling this transition are thoroughly discussed in a start-to-finish narrative describing the theoretical underpinnings of ERM, its proven best practices, and onto more advanced topic such as risk budgeting and the integration of ERM into strategic decision-making.

Empowered Enterprise Risk Management: Theory and Practice (Wiley Corporate F&A)

Kapstad, Petter

An incisive framework for companies seeking to increase their resilience 
In The Black Swan Problem: Risk Management Strategies for a World of Wild Uncertainty, renowned risk and finance expert Håkan Jankensgård delivers an extraordinary and startling discussion of how firms should navigate a world of uncertainty and unexpected events. It examines three fundamental, high-level strategies for creating resilience in the face of “black swan” risks, highly unlikely but devastating events: insurance, buffering, and flexibility: 
The author also presents: Detailed case studies, stories, and examples of major firms that failed to anticipate Black Swan Problems and, as a result, were either wiped out or experienced a major strategy disruption Extending the usual academic focus on individual biases to analyze Swans from an organizational perspective and prime organizations to proactive rather than reactive action Practical applications and tactics to mitigate Black Swan risks and protect corporate strategies against catastrophic losses and the collateral damage that they cause Strategies and tools for turning Black Swan events into opportunities, reflecting the fact that resilience can be used for strategic advantage 
An expert blueprint for companies seeking to anticipate, mitigate, and process tail risks, The Black Swan Problem is a must-read for students and practitioners of risk management, executives, founders, managers, and other business leaders.\nFrom the Inside Flap\nUsed widely to describe extremely unlikely but devastating events, the term “black swan” has taken on an increasingly prominent (and anxiety-inducing) role in the perspectives of risk professionals and executives around the world. After all, it seems that once-in-a-lifetime incidents like pandemics, environmental disasters, and financial crises are occurring more frequently than ever before. 
In The Black Swan Problem: Risk Management Strategies for a World of Wild Uncertainty, veteran risk and valuation expert Håkan Jankensgård delivers an intensely insightful exploration of how organizations can and should navigate an increasingly uncertain and unpredictable commercial environment. 
In the book, you’ll find three foundational and high-level strategies for improving your firm’s resilience in the face of “black swan” risks: insurance, buffering, and flexibility. The approaches are presented alongside detailed case studies, stories, and examples of major firms that failed to anticipate black swan events and, as a result, were either wiped out entirely or experienced major operational disruptions. 
The Black Swan Problem tackles an issue that’s often discussed from an academic viewpoint with a uniquely organizational perspective, priming organizations to be proactive rather than reactive. It offers protective methods and tactics anyone can use to mitigate black swan risks and prevent existential crises, turning crushing loss into invaluable opportunity. It presents fascinating outlooks on risk-taking in firms, showcasing approaches that do more than just minimize risk. 
An irreplaceable roadmap for companies doing their best to anticipate, mitigate, and process tail risks, The Black Swan Problem is a can’t-miss resource for students and practitioners of risk management, executive-level leaders at organizations of all sizes, company founders, managers, and other business leaders.\nFrom the Back Cover\n“Most people who read Nassim Taleb’s work come away with a sense of the hopelessness of planning and analysis. Dr Jankensgård, however, turns the process on its head and develop constructive responses to Black Swans. This book presents a rare and valuable look at the Black Swan-issue through the lens of corporate strategic and financial decisions.” 
—Prof Aswath Damodaran, Professor of Finance, New York University’s Leonard N. Stern School of Business 
A complete and practical framework for firms seeking protection from unlikely—but potentially devastating—e

The Black Swan Problem: Risk Management Strategies for a World of Wild Uncertainty (Wiley Corporate F&A)

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