This is posted in the NeuGroup Exchange as an FYI for all NeuGroup members:
The two NeuGroups for MNC foreign exchange managers will both meet in California in September; the first hosted by Bechtel in San Francisco on Sep. 12-13, sponsored by Standard Chartered, and the second hosted by Google in Mountain View on Sep. 19-20, sponsored by Chatham Financial.
The two groups share several topics of interest on their agendas; among them:
Regulatory update: what to do now that a “swap” is defined, including seeking board approval for claiming the end-user exemption from clearing. And, what will you really need to do with your ISDAs and CSAs, and how soon?
Optimized hedging strategies for cash-flow and balance-sheet risks, especially in light of new regulations (Dodd-Frank and Basel III) and process and cost changes resulting from these. Market uncertainty and pricing failures (e.g., Libor benchmarks) also contribute to increased monitoring of hedge programs and their efficacy.
Emerging markets, with a particular focus on China and LatAm: managing volatility at a reasonable price and dealing with cumbersome restrictions in these for MNCs increasingly important markets.
FX systems continue to be an active discussion and members seek to determine what really constitutes a “state of the art” systems architecture for treasury and FX risk management. Member case studies will anchor these sessions.
In addition, the first group will have a Eurozone-related session with a member case study on managing this risk by way of more vigilance and flexibility in where to put cash balances. The second group will talk about best-in-class trade execution and educating the business for the benefit of the business and its goals.
For information on how to join either of the two groups, please contact Anne Friberg at afriberg[at]neugroup.com.