- Political and economic risk tops corporate risk concerns in Turkey, closely followed by FX risk
- More than half [51%] of Turkish corporates polled are planning to improve their FX hedging policy
- 46% of Turkish corporates are planning to improve risk visibility within their company
08 APRIL, 2015 ISTANBUL - 51% of Turkish corporates want to improve their FX hedging policy.
This was the key finding of the "Corporate Risk Management in Turkey Survey” taken by EuroFinance from 26 to 31 March.
A total of 51 finance and treasury professionals answered the survey. Of these 40 (80%) were from corporations (Treasurers, CFOs and Finance Directors) – this full report details the corporate response.
Political and economic risk tops corporate risk concerns in Turkey, closely followed by FX risk and 46% of Turkish corporates are planning to improve risk visibility within their company.
Katharine Morton, EuroFinance's Editorial Director, says: "Foreign exchange risk remains a key concern for Turkish corporates and many are investigating better ways of managing those risks”.
Notes for Editors
An e-mail invitation to take part in the survey was sent to a selection of finance and treasury professionals from the EuroFinance corporate database based in Turkey. The survey comprised short ‘point and click’ (or multiple choice) questions. The invitation was sent out on 26 March 2015 and the survey was closed and analysed on 31 March. A total of 51 finance and treasury professionals answered the survey. Of these 40 (80%) were from corporations (Treasurers, CFO’s and Finance Directors) – this report details the corporate response.
Corporate treasurers’ responsibilities include risk management, foreign exchange and cash management within their companies.
EuroFinance is the leading global provider of conferences, training and research on cash management, treasury and risk. Running more than 50 events worldwide, EuroFinance enables treasurers and CFOs to exchange innovative strategies, best practice and expert opinion.
EuroFinance will be holding an event in Istanbul on 20-21 April 2015 at which Risk management will be discussed extensively with speakers ranging from risk managers at NASA, Dogus Holding, ASSAN Alüminyum, Brisa Bridgestone Sabancı through to Doğan Şirketler Grubu. www.eurofinance.com/Turkey
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Katharine Morton, Editor at EuroFinance