Benchmark Transition – Preparing for the End of LIBOR

Benchmark Transition – Preparing for the End of LIBOR

研討會

概要

In 2012, the LIBOR scandal came to light as a group of banks were accused of manipulating their LIBOR submission. An attempt to manipulate LIBOR can have significant adverse effects on consumers and financial markets.

Global financial regulators have signalled that LIBOR and other “IBOR” benchmarks will likely cease to trade at the end of 2021. Globally, IBOR-related products have an estimated value exceeding US$350 trillion notional and include derivatives, loans, syndicated loans, FRNs, bonds, and retail-linked financing. The transition will be one of the biggest ever experienced in financial markets with wide-ranging impacts and systemic risk potential.

宗旨

By the end of the course, participants will:
‧ Explain why regulators wish to see IBOR rates transitioned to risk-free rates
‧ List the implementation process and foreseeable financial market impacts
‧ Explain what firms are doing to prepare for the transition

內容

1. Background – IBOR transition drivers.
2. Impacted financial products and markets
3. Transition timeline
4. Implementation mechanics
5. What financial markets may look like in 2022.

對象

Financial services practitioners involved in the buy-side and sell-side, as well as corporate treasurers.

導師/講者

Keith NOYES
Keith Noyes is a senior financial consultant at Ernst & Young on their IBOR Transition team. For 12 years from 2007- 2019, Keith was the Regional Director, Asia Pacific for the International Swaps and Derivatives Association (ISDA). ISDA has played a central role in IBOR transition globally, and Keith oversaw Asia Pacific efforts in this space. Keith is a veteran of the derivatives industry in Hong Kong. He set up Merrill Lynch’s equity derivatives in 1992.

詳情

活動編號
TSTOT20000202
日期及時間
2020年2月26日, 星期三 (12:20下午 - 1:20下午)
地點
香港證券及投資學會培訓中心
語言
英文
級別
Intermediate
課程時數
SFC:1.00, PWMA:1.00