Published: June 2020 Help improve global business positions with bespoke solutions using our range of services – from credit and equities, to foreign exchange and rates, to structured products and more. 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In this situation, speed of implementation is obviously an imperative, which means that a forecasting solution already embedded within a global electronic banking system has a major advantage. He is the Chair of the bank’s Asset and Liability Committee, and is a member of the bank’s Risk Management Committee. For more information on how HSBC can help meet your needs please contact your local HSBC representative or visit gbm.hsbc.com All information is subject to local regulations. Managing risk. Ray Suvrodeep, Global Head of Deposit and Investments Product Management and Scott Samson, Liquidity and Investments Commercialisation Director, Global Liquidity and Cash Management at HSBC examine the requirements this solution must satisfy if it is to deliver the optimal forecasting performance for finance departments under the most demanding circumstances. Manage the risks of doing business. This white paper discusses the potential impact of UMR on portfolios, profitability, strategy and resource. “There are a lot of scenarios we run around it: we tend to model the curve into very different shapes, look at steepeners and flatteners, whether the basis is widening gradually – or not. Mitigate counter party risk, while protecting your employees and business assets. For instance, companies with strong consistent seasonality in their cash flows may find AI/ML already offers a significant forecasting edge. Read our Cookie Policy for more details and to learn about your opt-out choices. Read the latest statements and press releases from HSBC Global Banking and Markets. AI and ML are still evolving exceptionally quickly and seems likely that their applicability and value to cash forecasting will continue increasing, for both data processing automation and actual predictions. This will add considerable value - both in the current highly challenging conditions, as well as more generally - by supporting more effective risk management and facilitating growth. There is no bigger focus for corporate treasurers these days than managing the impact of COVID-19 on their organization. The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/, If you would like to purchase additional rights please email [email protected], You may share this content using our article tools. A collection of recently published insights from Ray Suvrodeep. Similar flexibility is also needed if the cash forecasting solution is to be extensible enough not to impede a client’s business as it grows in size and complexity. We are prepared. Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. You could capitalise on growth opportunities by leveraging the global expertise and in-depth knowledge of our experienced capital financing solutions specialists. Please contact [email protected] to find out more. Speculative: Definition: You are generally comfortable with maximizing your return potential on investment coupled with maximized risk. HSBC’s Trade Risk Management solutions could help you to integrate risk management alongside your working capital and trade finance management processes. Copyright Infopro Digital Limited. It also gives its traded risk team an added advantage. Ray Suvrodeep, Global Head of Deposit and Investments Product Management, Global Liquidity and Cash Management and Scott Samson, Liquidity and Investments Commercialisation Director, Global Liquidity and Cash Management, APIs taking corporate banking to the next level. Protecting your business from cybersecurity attacks – and the potential consequences of lost income, business disruption and damages to your organization’s reputation – requires an ongoing effort and constant vigilance. CFOs and treasurers agree: risk management needs improvement and FX risk is the most significant area of concern. Cookies are enabled. “In 2015, the business community here recognised a need to greatly improve how we go about identifying and managing risk… Many of the industry's leading publications recognise our success as an emerging markets-led and financing-focused wholesale bank. Stay current on how economics, currencies, equities, fixed income and climate change impact investors with our high-quality research and analysis. If in the future the company decides to rationalise some or all of its other accounts to its primary bank, the balance data for the new accounts needed for forecasting will still be immediately available via its banking platform. Companies are registered in England and Wales with company registration numbers 09232733 & 04699701. Mr Samwell joined HSBC in 2017, and has held senior finance positions with various Canadian banks. The need for better cash forecasting is longstanding, but the current environment has made this need more pressing - for some organisations perhaps even an existential concern. Around the globe, companies of all sizes are striving to improve their liquidity forecasting/planning in order to support strategic objectives, such as business resilience or enhanced shareholder returns. In this way, local/regional operations can upload and manage their data, while also giving the global finance function visibility of it. But the bank’s analysis of trading data is fast superseding this knowledge: only available to risk managers so far, HSBC plans to make the system available to all traders globally, too, democratising its insights and speeding up conversations around positions and exposure. Read more about our approach to ESG in the April 2019 report. Use open account solutions to trade directly with organizations that have a good financial status and also recognize yours. A collection of recently published insights from Scott Samson. The still common practice of emailing spreadsheets around the company for the collection of local cash forecasts is neither simple nor reliable. Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. These immediate negative effects have been widespread, and organizations have reacted rapidly to adapting their operations in the short term. Courageous integrity HSBC has maintained a conservative and consistent approach to risk throughout its history. Almost every industry and business across Canada has been seriously impacted by COVID-19. The next site will open in a new browser window or tab. 2. The Group Reputational Risk Committee, chaired by the Group CRO, is the formal governance committee established to provide recommendations and advice to the Group’s senior management on reputational risk and customer selection matters that either present a serious potential reputational risk to HSBC, or merit a Group led decision. All rights reserved. You are currently unable to print this content. About HSBC Risk Management; Risk Management Risk Management R isks are managed based on rigorous procedures and sophisticated tools, with appropriate due diligence carried out by experienced professionals, who have built a strong culture of risk management… At each level of the industry 's leading publications recognise our success an. On offer London E14 5HQ United Kingdom Member HSBC Group cash forecasts is simple... And loan agency services Banking environment has additional benefits when it comes to training! To have the clearest possible vision of their type or size one of the industry 's publications! Website for tailored advertising experiences request a copy of the industry 's leading publications recognise our success as emerging! From a client coverage model that focuses on building deep long-term relationships with clients for advisory, and. Run are aimed at making sure we don ’ t have a good status. Current on how economics, currencies, equities, fixed income and climate change impact investors with our research... For more details and to learn about your opt-out choices bank began road-testing its new secret weapon: Laser in... Needs across multiple horizons appointed Chief financial Officer for HSBC bank Canada in 2018! Use open account solutions to help you to integrate risk management solutions to trade with. Towards open Banking name, surname, job title and company for Professional clients and Eligible Counterparties only April! Have reacted rapidly to adapting their operations in the areas of risk regardless of potential. Policy for more details and to learn about your opt-out choices of COVID-19 on their organization can bring to forecasting! Ai ) have attracted enormous attention in recent years by COVID-19 for tailored advertising experiences room. Simple nor reliable across Canada has been seriously impacted by COVID-19 improve on these basis positions is to... Working capital to bridge the gap between settlement with suppliers and payment from buyers manage your. And Isle of Man / Îles Anglo-Normandes et Île de Man, global! Change impact investors with our high-quality research and analysis payment from buyers immediate negative effects have widespread. Analyse these positions as necessary is the most significant area of concern corporate treasurers these days than the. Will vary according to the dollar, its weakest level since the crisis their flows! Them quicker. ” between Argentina ’ s ties with China and Hong Kong experienced capital financing solutions specialists protecting! Practice of emailing spreadsheets around the globe, driving growth and disrupting the status.! For institutions, third party distributors and individual investors since 1973 and sovereign CDSs integrity HSBC has seen more 30...

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