News & Insights

10 MINUTES WITH JOHN MESSENT CFTP
Group Treasurer
Australian Gas Networks


Please tell us a bit about yourself

I have been in my current role for 18 months and have previously worked with a number of organisations, including Ernst & Young, ANZ and Peoples’ Choice Credit Union.  Whilst my core background has been through treasury and finance related functions

WOE is XVA? 

If you’re wondering what the title means, it stands for “What on Earth is X Valuation Adjustments”?  This month Colin Sharpe from NAB presented to the technical committee on the rapidly changing world of derivative valuations and pricing.  The reason for the “X” in XVA, is because there are now so many valuation adjustments for uncollateralised derivative transactions, that the acronym simply has an X as a placeholder for the numerous adjustments that are now applied by banks when pricing derivatives.

The United Kingdom has voted to leave the European Union. There are significant consequences for many businesses and, while the departure process will take several years, businesses will be constantly refining their plans to identify the risks and opportunities that the UK’s exit may bring.

This Brexit Site has been created to help people navigate and understand what Brexit means for their business. The site includes an overview of: