BofA Corporate Risk Management Survey Shows Proactive Stance
CORPORATES
Bank of America's (BofA) latest survey on risk management practices shows that not only are more corporations implementing written policy statements, but they are also reviewing them more frequently and strategically.
Of the 200 US corporate foreign exchange clients surveyed by BofA, 90 per cent have written policy statements, compared to the 75 per cent reported in its previous survey (FXW, July 11, 1994). Furthermore, the reports says, all participants reviewed their policies within the past
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