Volatile markets coupled with the emergence of non-market risks pose new demands to corporate treasury units of Asian businesses. A survey of more than 1,000 corporate treasurers and CFOs reveals which risks Asia-Pacific (APAC) corporates worry about most and how they plan to deal with them.

Fluctuating foreign exchange rates top the ranking of risks for most corporates. The report Bracing for Volatility, Embracing Change, published by Thomson Reuters and Asset Benchmark Research, shows in which regions corporates suffered the greatest impact on their income statements from unfavourable FX movements.

Corporates also share best practices in dealing with the risk. Many of them have a clear vision for their treasury units three years from now. Technology deployment and centralization are the central pillars for many of these firms.

Survey participants were interviewed in the first quarter 2016 for the report. The findings provide unique insights into the challenges faced by some of the world’s fastest-growing companies, including on budget plans and treasurers’ views on Hong Kong versus Singapore as a location for treasury centralization.

Click here to find out how corporates tackle FX risks, which technologies are able to stir most interest and why Chinese corporates choose offshore locations for their treasury units.