Upcoming webinar: End of LIBOR – an update, hosted by Kerryn Smith, National Australia Bank
The BFSLA is pleased to invite you to a webinar End of LIBOR – an update, hosted by Kerryn Smith, National Australia Bank. The BFSLA has assembled a panel of experts to help our members decipher these changes, discuss how they will affect the main asset classes (derivatives, loans and floating rate notes) and whether there will be an impact on local benchmarks BBSW and BKBM.
Andrea Brischetto, Deputy Head, Domestic Markets Department, RBA
Jing Gu, Head of Legal, Asia, ISDA
John Feeney, Martialis Consulting (former director of ISDA)
Dale Rayner, Partner, King & Wood Mallesons
The cessation of the financial benchmark LIBOR after the end of 2021, will pose significant risks to financial market participants who have not adequately prepared for transition to other reference rates as LIBOR is used to revalue financial contracts with a value that exceeds USD200 trillion. A key milestone in the transition will be the launch on 23 October 2020 of the “IBOR Fallbacks Protocol and associated Supplement to the 2006 ISDA Definitions” which will be a catalyst for updating fall back provisions in other assets classes such as loans and bonds. ASIC, the RBA and APRA released a joint statement on 13 October strongly encouraging Australian institutions to adhere to the protocol, with ASIC Commissioner Cathie Armour saying “Industry-wide adoption will significantly reduce the risks of contractual disputes, litigation and frustration by creating a consistent approach to fallback rates when LIBOR comes to an end”.
We hope that you can join us for this great opportunity to hear from the panel of experts.
When: Tuesday 27 October 2020
9am AWST, Singapore
12pm AEDT – Canberra, Sydney and Melbourne
Cost: There is no charge to attend this webinar.
RSVP: Registrations are essential. Please click on the registration link below.