Citi’s corporate solutions group has released analysis of a survey it had undertaken of the risk management used by corporations.
It’s no surprise that most companies have re-examined their policies in the wake of the financial crisis. Some 43% of respondents changed the mix of counterparties used, a third of companies now hedge smaller amounts of their exposures while a third also say that they have shortened the hedging tenor. Worryingly, 6% say that they have stopped hedging altogether.
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