In 1994 Proctor&Gamble (P&G) sued Bankers Trust for $195M in the US, alleging that the bank had misled it over the value and risks of its existing derivatives positions. The bank contended that P&G would have had some expertise in this area. Over the next two years three other companies came forward with similar mis-selling queries, and the bank settled out of court. This case was the start of a risk management revolution, and Treasury departments clamped down on risks, pushing them back to suppliers and end users. Corporates now face risks embedded in their contracts, which they do not know the value of, or even are aware of. Flow&Ebb can help you truly understand the risks you face and develop ways in which you can manage these risks in house. 

Comment