It's impossible to manage all risks that an organisation faces but corporate treasurers can gain insight into risks outside their control if they have a better understanding of the key players, says Fulvio Barbuio, who leads the Australian Broadcasting Corporation's corporate treasury & risk department. His article, published on AFPonline, looks at how a company's internal managers interact with external traders, consultants and advisors, regulators and journalists.

Some of Barbuio's key lessons for treasurers on how to manage and influence external risks include:

• Seek out internal natural hedges where you can.
• Seek out advice that critically tests prevailing views.
• Choose hedging techniques with low exit costs if volatility proves transitory.
• Lobby regulators to take into account actions that can quicken market normalization or recovery.

Read the full article here.