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.