Trainings By Informa Markets
Informa


Interest Rate Benchmark Reform

Stride into a world without IBOR.

18 May - 19 May 2021   |   Virtual Course


Course Overview

Indian banks face a particular challenge with the LIBOR Transition, whilst the major currencies of the world (GBP, USD, EUR, CHF, JPY) undertake LIBOR reform, much is to be learned from their challenges that will now face the Indian market. Over the next five years, the global financial markets needs to migrate approximately $350 trillion of products off LIBOR to locally central bank rates known as Risk Free Rates (RFR''s).

As the RBI debates the successor to the MIBOR/MIFOR benchmark, what active steps can you take as an Indian bank in INR and other Asian markets? With the MIFOR & other Asian interest rates being linked to USD LIBOR, and the latter being replaced by mid-2023 by USD SOFR, the time for Indian banks to act is now! Join this informative and practical course to understand why India and its financial institutions need to start their preparations now!

The trainer will take the audience through the history of LIBOR, why the changes are required and how banks need to adopt a front to back analysis of LIBOR reform.

The course will explore not just the G7 LIBOR''s but also the G20 LIBOR''s that require reform, including MIBOR/MIFOR for India, SIBOR for Singapore and HIBOR in Hong Kong. Other IBOR''s in Asia and Australia will be discussed and how learning lessons from the G7 LIBOR reform will impact your own internal deadlines, as well as external industry deadlines over the next three years.

The course will focus on the replacement risk free rates (RFR''s) for derivatives, bonds, loans and mortgages, their methodologies, and how implementation needs to be delivered - commencing from Front Office through to the actions required for Corporate Functions such as Treasury, Risk, Finance, Operations, Legal and IT.

This course is targeted towards professionals working in the above functions at Investment Banks, Retail Banks, Commercial Banks, Mutual Funds and Insurers. The course will help you ensure how business and IT functions need to connect, the project planning that is required, as well as typical case studies for business & technology, to help you succeed in the migration of MIBOR, MIFOR and LIBOR.

Program Focus

Understand what went wrong with IBOR rates and why they are being replaced.
Learn how the new RFR rates work and how interest is calculated.
Examine the transition requirements for financial institutions and companies.
Understand how legacy IBOR deals will be converted

Who Should Attend?


 

Industry:

 

  • Investment Banks
  • Commercial Banks
  • Retail Banks
  • Mutual Funds Companies
  • Insurance Companies
  • Other Financial Institutions

 

Department & Designations:

 

  • Bank treasury and front office trading/sales staff
  • Risk managers
  • Finance/accounts
  • IBOR project team managers and members
  • Compliance
  • Operations & IT managers
  • Libor project managers
  • Corporate bankers, relationship managers
  • Legal




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