Bank Of America Corporate Survey Shows Corporates Resist Change
CORPORATIONS
Despite serious risk management failures reported in 1994, the majority of the 200-plus companies surveyed in the second annual Bank of America (BofA) survey of foreign exchange risk management philosophies have not altered their hedging practices.
The purpose of the follow-up survey was to determine the impact of a "volatile 1994" on the risk management environment, officials say (FXW, July 11 1994).
The three most common objectives of hedging, respondents say, are to minimise risk, stabilise
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