Systemic risk is an elusive concept. The author suggests that the search for a proper definition can be fruitless but an understanding of its nature is essential.

Basel II will have a huge impact on the risk management of banks across Europe. The author assesses the findings of a survey from PricewaterhouseCoopers of what the likely results will be on the banking industry.

The author, a technical officer at the Association of Corporate Treasurers, describes the growth in the power of the rating agencies and explains the background and content of the new code which has been proposed to cover their activities in both the UK and the US.

There has been a lot of discussion and controversy surrounding the issue of corporate leadership, the value of the company and the level of executive remuneration. Clearly, there has been great discontent over expectations versus delivered results. The core aim of this article is a targeted...

The Combined Code enshrines the principles of corporate governance for UK companies. It has been very influential but many companies also question its value. The authors, with the help of survey results from Deloitte, assess the change which is being brought about.

Standards for the electronic recording, processing and distribution of financial and other business reports (“digital reporting”) can bring benefits both for external regulation and investor relations and for financial management and decision‐making within companies.

The author argues that the lasting impact of accounting scandals in American companies is that increasingly CFOs, treasurers and senior members of companies worldwide will turn to cash as the key to assessing the worth of corporates and assessing the risk of investment decisions.

The author, chairman of one of the biggest international accounting firms in the world, takes a worried look ahead at 2004. He predicts that greater regulation could bring as many problems as benefits around the world.

The author, chief executive of the Association of Corporate Treasurers, looks ahead at two challenges of 2004 in the continuing arguments over international financial reporting rules on financial instruments, which he believes will create inconsistencies in banking accounts and treasury...

The author provides a seven point plan for what 2004 holds. The predictions range from a tougher environment for company directors as investors fight back and a greater focus from financial reporting on the future and cash.