Mckinsey: Risk: Seeing around the corners

In 2007, the Canadian dollar’s value rose 30 percent against the US dollar. Canadian producers knew they would be less competitive in the United States, but few understood that these changes would also affect the buying behavior of Canadians, 75 percent of whom live within 100 miles of the border. As consumers merrily headed south to buy cars, snowmobiles, and the like, Canadian companies had to cut prices in their domestic market. Hedging to cover their loss of competitiveness in the United States couldn’t protect them from the price squeeze at home. There’s no formula for anticipating how risk will cascade through economies, but in very uncertain times, executives must learn to foresee and prepare for it. Read more


The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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