New Hedge Accounting Standard Flashes Green Light

July 13, 2017 Trina Swenson

 

New Hedge Accounting Standard Flashes Green Light
July 13, 2017

Aaron Cowan, executive Commodities Hedging director and global leader of corporate accounting advisory services at Chatham Financial, a global risk management advisory firm, said that while the new standard will provide “a lot of opportunities” for companies, its biggest effect is likely to be on the way that companies deal with commodities risk.
“We’ve seen historically that the punitive guidance in the past was a stumbling block to corporate hedging in the commodities arena,” he said. “We believe a lot more companies will start hedging commodities or increase the amount they were hedging because of the new rules.”
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