Suite 222, Level 2
480 Collins Street
Melbourne VIC 3004
10 Minutes with Fulvio Barbuio FFTP
FULVIO BARBUIO FFTP
Head Corporate Treasury & Risk
Australian Broadcasting Corporation
Please tell us a bit about yourself
I was appointed to my current role in April 2015 and have prime responsibility for corporate Treasury, enterprise risk management and insurance but also support the broader performance measurement process across the ABC. Prior to this I’ve held management and senior analyst positions covering Treasury, planning and strategy variously across the mining, energy, information technology, utilities and media and broadcasting industries. My career spans over 30 years including over 20 years in Treasury roles in the private and public sector dealing with risk, liquidity, funding, investments, Treasury governance reporting, enterprise risk management and insurance. I am also a FFTP and Board member of the Finance and Treasury Association.
Away from work, I enjoy cooking, have a keen interest in history, closely follow local and European football and enjoy a wide variety of music listening.
Discussion Paper CPS226 “Margining and risk mitigation for non-centrally cleared derivatives”
What are the facts?
APRA recently released regulation Discussion Paper CPS226 “Margining and risk mitigation for non-centrally cleared derivatives”.
- The regulations require margin to be posted/collected from counterparties in the form of variation margin (current exposures), and initial margin (potential future exposure) associated with the portfolio of non-centrally cleared derivatives (NCCD’s).
- The regulations primarily apply to Financial Institutions and Systematically important non-financial institutions where it is believed that OTC derivatives trading is taking place other than for hedging purposes, and therefore more open to risk.