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The eXchange – July Edition

Dear Colleague,

Advocacy News: BBSW Consultation & RBA Cards Consultation response

Two weeks ago Dr Guy Debelle of RBA made an important speech about Benchmarks and the review of BBSW which crystallised some issues for the treasurers present.

As a result with a sub-committee of the Technical Committee I am currently drafting a response to the current Council of Financial Regulators consultation on “Evolution of BBSW Methodology”.
Click here for the consultation document.

Key messages FTA intends to communicate are:

FTA has an interest in interest rate benchmarks because they are key to efficient and fair allocation of capital within financial markets.

The eXchange – June Edition

This past weekend I had the pleasure of interacting face to face with the whole Board, its advisors and key management.  Our far flung Board members (8 directors in 6 states) means our monthly board meetings are held by teleconference call. Meeting in person this past weekend, was critical for quality decision making as I believe decisions are improved by team work and human interaction.

The agenda for the weekend was busy. Each board member not only contributed to formulating the agenda but also played a part in its delivery, taking turns leading discussions and sessions. Having so much to get through was challenging, but it reflected the levels of enthusiasm and passion felt by all participants. It also reflects the workload required to transform our organisation to the next level. This is a challenge the Board and management relishes, but does not take lightly.

The eXchange – May Edition

Dear Colleague,

Well here it is, hot off the press, our new, members only newsletter.

We’ve created this newsletter to provide you with interesting, up-to-date content in an easy to absorb format. We understand you all have different information requirements, so we plan to improve the newsletter over time as we learn what is of most benefit to you. To help us do that, we might ask you a few short questions every now and again to keep us on track. We promise to make it quick and easy and always respect your time – we know it’s in short supply.

This initiative, along with the new member portal and other member based improvements which are in the early stages of planning, stem from the FTA leadership having recently completed research using a member centred design process.


Dear Colleague,

Lessons for treasurers and other risk managers from recent disasters: A Reflection on the Ornithology of (Black and White) Swans.

This week FTA has been privileged to hear from a speaker who has climbed four distinct career peaks in government, corporate treasury, pension management and insurance.

Dr Reg Hinkley FFTP is Chair of Trustees of Lloyd’s (of London) Pension Scheme, former Deputy Group Treasurer and former Head of Internal Audit at BP Plc, and a also former ASCT/FTA Victorian Chapter Chair. On Tuesday Reg shared his perspectives at a lunch session for FTA at a Vic Chapter Lunch hosted by Deloitte, and then an AICD lunch for company directors on Wednesday.

Reg’s key messages can be found in his presentation here.


Dear FTA members (and treasury-curious readers)

We promised we would be doing things differently this year.

As previously flagged the FTA Board has commissioned a customer-experience feedback from members about your expectations and our delivery of service.

You have all had the opportunity to fill in the short survey from consultancy firm Proto Partners, and to participate in an interview with them. (Please contact FTA if you didn’t see it.)

Last night the NSW Chapter drinks took place at BNP Paribas (with 50+ attendees), prior to that a smaller group of Sydney-based members met face-to-face with Proto for a detailed briefing.

Speaking of doing things differently, we are finding new ways to communicate with our members. Did you see my new video? It’s on our Congress home page HERE.

FTA members were sent via SMS a link to this video which is promoting the Congress social program. … It’s only 1 minute 48 seconds.

While you are there, do check out the great work on video from Antony Elliott FFTP of Linfox.


Working on the 2015 FTA Congress has been a big part of my year. So let me share with you why I consider the FTA Congress remains Australia’s premier annual event for Treasurers and financial risk management professionals …

For technical content, professional networking, and career inspiration this program can’t be beat. … Further, I would argue that we have the strongest speaker group ever!

In 2015, our plenary speakers include current and former ASX100 CEOs, a former Ambassador, a Professor, global and local economists and senior non-executive directors.


For professional networking, and technical content, FTA’s annual Congress is Australia’s premier annual event for Treasurers and corporate finance professionals. … But I know some of you attend simply to be inspired by your peers about what you can achieve with your career.

FTA’s 28th Annual FTA Congress will feature a corporate case study in every session reinforcing our theme, “Progressive Treasury – Adding Value in the Business”.

In 2015, leading economists will set the scene on each day before we hear from treasurers about how they are actively meeting the challenge to transform their practices, processes and teams.

All delegates to Congress will have the (difficult) choice of three-streams across two days. ….And buy-side delegates will be privy to even more with two closed treasurer sessionsbook-ending the Congress.


Dear Colleagues,

FTA Annual Congress program available – check it out!

FTA’s Congress Committee, events team and yours truly have been working overtime to bring to you a program which is the most non-financial corporate focused in years. In fact, it features a corporate case study in every session.  In a program true to theme of Progressive Treasury – Adding Value in the Business” there are a series of detailed presentations from treasurers on how they add value working alongside colleagues in the business.

Moreover, it features in plenary sessions two leading key notes who are former corporate treasurers and who have forged successful latter careers as ASX 50 CFOs before being promoted to their current roles as listed company CEOs. Both are still supportive members of our Association. These fine gentlemen are Mark Hooper FFTP, CEO Sigma Pharmaceuticals, and Peter Gregg FFTP,  CEO, Primary Health Care. Both will be able to provide insight into “making the transition from treasury to the c-suite” and a professional risk manager’s perspective on the challenges faced by Corporate Australia.


Dear Colleagues,

As shortish Comment today, as last Friday we sent you a special CEO message with a video encouraging you to attend or send a staff member to FTA’s Fundamentals of Treasury Operations Conference in Sydney, Friday August 7th.

In case you missed the video, please go to the Conference home page: www.foto.ftasecretariat.com.au
We have since added our speaker group, and welcome:

  • Peter Lai , Director, Rates Product Management at Thomson Reuters who will address CVA & DVA calculation issues, and
  • Sam Wilson, Operations Accountant at Australian Broadcasting Corporation (ABC) has joined the Head of Treasury Operations panel.

Key points in case you missed them:


Dear Colleagues in Finance and Treasury,

Another productive couple of weeks for the Finance and Treasury Association, and the FTA Secretariat.

Website – new features
Presentations from the Essential Treasurer and our last two webinars, plus many other treasury best practice papers and FTA submissions are now available to FTA members in our new Member-only content section.