Taurus Risk Solutions specialises in assisting corporates manage their financial risks specifically in the areas of interest rate risk and foreign exchange risk.
Traditionally financial risk mangement has been an area in which financial institutions have been the dominant players and advisors. These institutions seek to use the need for corporate entities to implement risk management frameworks as an opening to sell financial instruments.
Whilst inherently there is nothing wrong with this approach it has become increasingly apparent to institutional and small-medium enterprises that financial institutions inevitably have a conflict of interest when providing advice from which they potentially stand to financially benefit.
Ultimately many corporates do not have the resources to invest the time required to design, implement and monitor an effective financial risk management strategy and rely heavily on the financial institutions for the advice and ongoing monitoring.
Certainly where financial institutions are increasingly driven to deliver favourable outcomes for their shareholders the questions needs to be asked: "At what point a financial institution's ethical responsibility to their customers, gives way to the financial responsibilities they owe to their shareholders?"
It is this issue that TAURUS seeks to address.
In response to the issues being faced by our clients who are trying to manage their financial risks, TAURUS seeks to implement the following 7 corporate principles as the cornerstone of our business:
To deliver unbiased and impartial advice at all times;
To intimately understand the business of clients and ultimately be an extension of their business;
To be a strategic partner when asssessing the risk implications of a change in business directions or new venture;
To provide transparent pricing at all times;
To assist in implementing a proactive, rather than reactive, risk management model;
To upskill our clients on, and encourage the use of, financial instruments which suits their business and the prevailing market conditions; and
To make the goals and ambitions of our clients our own.
Ultimately many corporates do not have the resources to invest the time required to design, implement and monitor an effective financial risk management strategy and rely heavily on the financial institutions for the advice and ongoing monitoring.
