Lebanon

Commentary

Usually, calls on geopolitical risk draw few participants and very non committal responses. Peers agree that change is possible, but it is not on the list of urgent concerns. 

This has changed. There seems to be a sense that the world will not be the same going forward: companies need to at least think about how to react. In a recent CompleXCountries poll on (152 responses from corporate treasury practitioners), 25% of treasurers said they were taking active steps to prepare for a multipolar world. In this call, we looked at some of these steps. Interestingly, nearly half the peers on the call work for companies headquartered in the US - with the current geopolitical environment, they may need to protect their international business. 

What are peers looking at?

• It is very difficult to predict what is going to happen, so it is essential to be agile, to be able to respond very quickly, and have more than one option. For Russia, one peer with approved humanitarian exemptions to sanctions is on Plan E.
• Reducing risk is an even higher priority than usual. Amongst other measures,

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