[PARTENARIAT] Salle des marchés: quand l'agilité devient un avantage avec C.Cudennec(Banque Postale)

This episode is produced in partnership with La Banque Postale. In this "Partner" episode, I'm joined by Cyril Cudennec, Head of Market Activities at La Banque Postale, for a discussion about building a client-centric trading floor and the blind spots in managing interest rate and foreign exchange risks for businesses. We discussed: How the 2008 and 2011 crises shaped an entire generation of market professionals and why those who haven't experienced one remain unable to assess their ability to respond effectively. The pivot undertaken at La Banque Postale since 2018: transforming a trading floor dedicated to balance sheet management into an activity also focused on corporate, SME, and mid-sized company clients. The internal obstacles to overcome in convincing others that a client market activity falls within a bank's traditional risk appetite framework. Blind spots in risk hedging: why even large groups struggle to hedge the impact of currency depreciation on their overall business volume, beyond their 12-month cash flows. Observations on smaller structures: treasurers who still don't understand that an interest rate depends on its maturity and what this concretely implies for a financing decision. Pre-hedging before closing an SPV: why hedge interest rate risk within 3 to The 6 months preceding closing can prevent the need to inject more equity into the project. Practical advice for every CFO: start by mapping and quantifying your risks before considering any hedging instruments, drawing inspiration from the best practices mandated for banks by regulations. A dense and informative conversation about financial markets from the perspective of those who structure and hedge corporate risks, with an unflinching look at the actual level of financial literacy in France. Cyril's recommendation: Inside Banking, Richard Michaud's podcast https://linktr.ee/richardmichaud Useful links: Cyril Cudennec:   / cyril-cudennec-375a7722   http://www.labanquepostale.com