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With solutions such as FiREapps, the role of Treasury within the organization can be more advisory and strategic.
Laurie McCulley | Treasury Strategies, Inc.
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Financials Stare Down Slower Growth As Earnings Roll Out
July 13, 2010
In addition to the credit issues that have become old hat, the financial sector was also confronted with a dramatic depreciation in the euro during the second quarter due to worries over sovereign debt in Greece and elsewhere. The impact appears largely beneficial though, says Wolfgang Koester, chief executive and currency strategist at Fireapps, a software firm specializing in detecting foreign exchange exposure. "What mitigates that risk is international banks—as well as regional banks—involved in the capital markets benefit from currency volatility," Koester says.