Currently, over $200 trillion in notional transactions reference the US Dollar LIBOR benchmark rate and, even if no new business was done with LIBOR as the reference rate, there would still be more than $35 trillion in notional yet to mature after the likely phasing out of the benchmark at the end of 2021.
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Experts have described the likely impact of remediation to be greater than any of the various regulatory programs prevalent over the past decade, with the added complexity being this isn’t actually driven by any regulatory ruling.
At this event, we will discuss the pending technology impact of IBOR remediation; the timing, priority and continuing uncertainty as the countdown clock starts to tick.
- New benchmark rates, new products, new technology: Will we need new platforms, data and processes to deal with the new Risk Free Rates? How will technology be impacted differently to the recent plethora of RegTech initiatives?
- Regional vs. global: How significant is the global nature of the problem, or is the main focus on SOFR liquidity?
- Migration mayhem: Have technologists been involved in discussing the potential migration approach for the long-dated of trades to be migrated by 2021?
Held under the Chatham House Rule, this will be your opportunity to learn and share experiences with your peers from leading financial services firms.