All you need to know about managing financial risk for corporates

In an increasingly complex market landscape, which latest risk management techniques can ensure the optimal financial position of a firm?


Managing financial risk is more complex than ever. For corporate treasurers and CFOs, this means an ever-growing workload. How can risk managers mitigate the risks their firms face? What can they do to improve their financial results and financial position?

The Handbook of Corporate Financial Risk Management aims to provide many of the answers. Now in its second edition, it is the most comprehensive overview of the latest risk management techniques in its field. Written by Fabrice Famery, Head of Global Markets Corporate Sales at BNP Paribas, and Stanley Myint, Head of Risk Management Advisory at BNP Paribas and Associate Fellow at Saïd Business School, University of Oxford, the handbook is the first of its kind, using case studies to give practical insights and tools for a broad spectrum of users, from risk management professionals, CFOs and corporate treasurers, to lecturers and students in risk management.

Following its original publication in 2012, this new edition has been fully revised, expanding on topics based on reader feedback. The new edition features 20 new chapters focusing on topics from equity risks and carbon emissions, to risks from pegged currencies, optimal cash position and optimal leverage.

“Over the seven years since the first edition, we have seen corporate clients facing new challenges such as the impact of sustainable finance and the shifting foreign exchange landscape,” explains Famery. “The handbook aims to help risk managers adapt their strategy and capital structure to succeed in this increasingly complex market landscape.”

Taking readers through 43 real-life case studies based on over 700 client projects built over 14 years, the book sheds light on the current challenges stemming from financial risk management and firms’ capital structure, while focusing on industry experiences and challenges that treasurers and treasuries face every day. Drawing on case studies, the authors put forward their views on the most appropriate way to tackle these challenges.

The ambition of the handbook, according to Myint, is to shed light on issues treasurers face every day while managing their financial risk. “By illustrating the methodology with real-life case studies, we hope we will be able to help corporates put our recommendations into action in their business models.”