Premio America Innovazione 2026
Recognised by Fondazione Italia USA as one of Italy's most innovative startups — awarded without self-nomination, on the basis of objective competitiveness criteria.
All →Insights
Research and analysis.
Built from practice.
Whitepapers, articles and frameworks we develop in the course of our advisory work with treasury and finance teams. Free to read, free to download — your email gets you the PDF.
Our solution: FX risk management for corporates The GLORIAnalytics platform
Market Research
Central Bank Monitor
Every ECB, Fed, BoE, BoJ, SNB and BoC rate move since 2008 in one chart — plus the latest decisions and current expectations for the remainder of 2026. Context for interest-rate and FX risk.
6 central banks · interactive charts AI-assisted · reviewed by S. Hamberger →
G7 Economic Monitor
Growth, inflation, unemployment, government debt and the external sector of the G7 since 2000 — with IMF projections and selected external forecasts to 2027. Macro context for treasury and FX planning.
7 countries · interactive charts AI-assisted · reviewed by S. Hamberger →
EM Economic Monitor
Growth, inflation, public finances and the external sector of China, India, Brazil, Indonesia, Mexico and Türkiye — with IMF projections to 2027.
6 countries · interactive charts AI-assisted · reviewed by S. Hamberger →
G7 Long-Term Rates
Government bond yields at 2, 5, 10 and 30-year maturities across the G7 since 2020 — latest available observed and estimated levels, curve steepness and spread to policy rates, plus a historical forecast reference. Context for interest-rate, funding and FX risk.
4 maturities · interactive charts AI-assisted · reviewed by S. Hamberger →
Business Cycle Monitor
Manufacturing PMI indices for 17 countries and services business activity indices where available on a rolling 12-month window — readings above/below 50 signal expansion or contraction. A leading indicator for the economy and currencies. Source: S&P Global.
17 countries · interactive charts
See what these market conditions mean for your own FX portfolio. GLORIAnalytics translates volatility, exposures and market scenarios into portfolio-level risk and policy-aligned hedging analysis. Explore the GLORIAnalytics platform →
Whitepapers
ISA 570 (Revised 2024) — Going Concern & FX Risk Management
ISA 570 (Revised 2024) raises documentation requirements for FX-exposed CFOs from 2027. What changes in practice, and how preparation should look across 2026/2027. 9 pages, free download.
9 pages 5 min read →
IDW PS 340 — Early Risk Detection in FX Management
§ 91(2) AktG requires the management board to detect existence-threatening risks early; IDW PS 340 defines how the auditor assesses that system. Why FX is the most critical pillar, the four structural gaps, and what an audit-ready early-warning system looks like. 5 pages, free download.
5 pages 6 min read →
Correlation in Treasury Hedging
Why portfolio risk is lower than the sum of single-position risks, why that effect shrinks in stress phases, how historical and implied correlation differ, and how a Cash-Flow-at-Risk model puts it into numbers. About 12 pages of reading, freely available without registration.
12 pages 12 min read Free to read →
New The Calm Before the Storm
Implied G10 volatility sits at the 12th percentile and realised EUR/USD volatility is lower than in 96% of all observations since 1999 – while the Geopolitical Risk Index runs at almost twice its long-run mean. What that means for risk metrics, hedge ratios and limits, shown on a sample portfolio of nine currencies. About 20 minutes of reading, freely available without registration.
14 pages 20 min read Free to read →
Articles
Articles: short, practical, from the market
Compact articles on single questions of FX risk management. They grow out of our work with treasury teams and appear first on LinkedIn, for discussion.
Series · 5 parts
Correlation explained: 5 questions for treasurers
For treasurers and finance leaders with cash flows in several foreign currencies. The LinkedIn series accompanying the whitepaper “Correlation in Treasury Hedging”: five short articles on why the interplay of currencies decides your actual risk.
Read the series →- 01Why is your currency risk smaller than the sum of its parts?
- 02What is left of diversification when correlations break down?
- 03Why does your cash flow at risk depend on the correlation matrix?
- 04What is implied correlation, and what does it do for treasury?
- 05What does the gap between implied and historical correlation tell you?
Five good reasons to postpone your FX risk review
“We are in the middle of a transaction.” “We are focused on the quarterly close.” “Our bank already takes care of it.” All legitimate. None is a good reason to wait.
Enrico Ferrante · 4 min read→
Budget rate: where should sales and finance start?
Every autumn, sales and finance sit down at the same table to set next year’s budget rates. They rarely agree.
Enrico Ferrante · 5 min read→
In hindsight, every hedge is wrong. How do you defend the decision?
“It was obvious it was neither the right time nor the right strategy to hedge.” How often have treasurers and CFOs heard that line?
GLORIARMS · 4 min read→
News & Events
Latest from GLORIARMS
Financial Symposium Wiesbaden 2026
GLORIARMS presented GLORIAnalytics at Germany's leading treasury conference — connecting with CFOs, treasurers and banks across the DACH region.
All →FX Risk Seminar · Unione Industriali Torino
Enrico Ferrante spoke on how currency dynamics affect corporate margins — alongside Prof. Carlo Furgiuele (Politecnico di Torino) and leading industry experts.
All →