Libor Transition: Time for Action

The time for transition is now. The majority of FIs are already well versed on the issues at hand, have developed transition plans, and understand the need to transition to new RFRs swiftly. Yet, many have not put key aspects of these plans into action. Across both the buy- and sell-side, a ‘you first’ approach persists.

It is true that uncertainties remain in areas such as RFR market liquidity, the unavailability of term rates, the impacts on existing IBOR-based contracts and hedge accounting. However, these issues should not delay progress, as there is much work that still needs to be done right now, especially in light of the recent announcement from the FCA confirming the cessation dates for all LIBOR settings.

Ahead of upcoming deadlines, FIs have to take a proactive approach to the transition, particularly in relation to the system, infrastructure and technology changes that are required. In the coming months, key priorities will be around sourcing the relevant data on RFRs and adapting risk management practices to accommodate the new rates.

In this webinar, our speakers will discuss the considerations and challenges FIs still need to address, and more importantly, how to address them with the sense of urgency that is now required.

AGENDA

10:30am - Introduction

Manesh Samtani
Moderator & Editor
Regulation Asia

Ilhwan Kim
Workflow Specialist
Bloomberg

10:35 - Session 1: Regulation, Technology & Data

• Regulatory guidance and related challenges
• De-risking the technology stack (infrastructure changes, testing)
• Identifying data sources & how to use them
• Generating compounded rates & yield curves for RFRs

Manesh Samtani
Moderator & Editor
Regulation Asia

Henry Vu
Asia IBOR Transition Program Lead
ING

Dennis To
Regulatory Data Specialist, Enterprise Solutions
Bloomberg

11.15 - Session 2: Risk Management Challenges

• Assessing risk of delay with scenario & impact analysis
• Knowing and managing risk (market, collateral, basis risk, etc)
• Managing hedge accounting and balance sheet impacts
• Preparing for unknowns (e.g. cross currency swaps)

Manesh Samtani
Moderator & Editor
Regulation Asia

Mathieu Lepinay
Managing Director - Global Head Macro Structuring
Standard Chartered

Dharrini Bala Gadiyaram
Global Head of Risk Products
Bloomberg

11.55 - Closing Remarks

Gaurav Kapoor
APAC Head – Risk & Valuations
Bloomberg