A focus on risk management in times of crisis
Issue 34, 2022
On limits and other boundaries
Dear Readers,
Global warming at 1.5, inflation at 3.5, the key interest rate at 0.5. These and other values are pushing companies and supply chains to their limits. This makes it all the more important for us to focus on solutions instead of problems.
Therefore, Disclose No. 34 is dedicated to risk management in times of crisis. We explain why times like these call for confidence in one’s own abilities, as well as the confidence of employees, customers, investors and society. We also explain how, alongside reliable partners, we are rising above the limits created by the crisis – as well as surpassing our own limits.
We see our task as creating trust and facilitating sustainable solutions. With this in mind, I wish you a boundlessly inspiring read.
Alex Astolfi
Alex Astolfi
Member of the Management Board,
Leader Assurance, PwC Switzerland
Rising interest rates impact intragroup financial transactions
MNEs should ensure that they take market swings into account when pricing intercompany financial transactions, otherwise they may face significant transfer pricing risk. Given the significant changes in interest rates in the last 12 months, it is now time for companies to review and update their policies.
Interest Rates: Higher for longer?
If you'd started working at a bank ten years ago, you'd probably consider yourself an experienced professional by now. But the economic changes we've seen this last year can make even seasoned bankers feel like they have to learn everything again from scratch.
BEPS 2.0: Global minimum tax update
BEPS 2.0 and in particular Pillar 2 will fundamentally change the tax landscape. The process which was set in motion by the OECD made further significant progress in 2022. 2023 will now be a key year in terms of implementing the relevant rules at national level.
Stablecoins: Almost as hard as coins
With stablecoins, the name says it all: they’re stable and hard like coins. What’s more, they can be traded quickly and easily and can be used against uncertainties such as hyperinflation or loss of real value.
Liquidity management as a core strategy
Companies need to implement long-term target operating models and liquidity management strategies to survive in an increasingly and persistently volatile environment.
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Future proofing your organisation with risk management
Richard Thomas and Alexandra Burns discuss key current and emerging risks as well as how to successfully address them – from the strategic board level and throughout the organisation.
Electricity: managing risk in difficult times
The energy market is experiencing difficult conditions, with price levels and price fluctuations such as have never been seen before. This poses major challenges, not only for producers and consumers but also for the risk management and accounting of energy companies.
Pension funds need to redesign the investment process
To make a mistake is human, as we all know – even more so in a digital world with supposedly zero tolerance for errors. Modern cyberattackers take advantage of these characteristics and penetrate corporate IT systems through mostly man-made entry points.
Cybersecurity: The human being – from risk to protective shield!
To make a mistake is human, as we all know – even more so in a digital world with supposedly zero tolerance for errors. Modern cyberattackers take advantage of these characteristics and penetrate corporate IT systems through mostly man-made entry points.
Impacts of the Russian invasion of Ukraine on the CO financial statements
Russia’s invasion of Ukraine and the imposition of international sanctions are having a major direct and indirect economic impact around the world. Companies in Switzerland are also affected by this, albeit to varying degrees.
Data protection: companies need to overcome new challenges
In the European Union, the General Data Protection Regulation will soon be joined by new regulations that will also affect Swiss organisations. These regulations don’t exclude personal data from their scope, but primarily focus on how companies handle and use data.
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