Event agenda

Event agenda for IBOR to Risk Free Rates Australia

IBOR Transition to Risk Free Rates | Agenda

08:3009:00

Registration & refreshments

08:30 - 09:00

09:0010:30

Overview of IBOR to risk free rates and benchmark options

09:00 - 10:30

  • Context - financial markets affected
  • The wider benchmark reform agenda
  • ARR methodologies / jurisdictions
  •  O/N looking RFR vs. Term RFR
  • Term structures
  • The challenges of transitioning to ARRs

10:3011:00

Morning break

10:30 - 11:00

11:0012:30

IBOR Transition Risk - Case Study (Australia)

11:00 - 12:30

  • Fate of BBSW 
  • Transition triggers and target operating model
  • IBOR transition risks
  • Transition planning and programme essentials
  • Programme governance
  • Implementation of the new ISDA fallback language

12:3013:30

Lunch

12:30 - 13:30

13:3015:00

How to deal with the transition

13:30 - 15:00

  • Client-centric approach - communication and preparation
  • The complexity of Asian markets (Developed, emerging)
  • Conduct and reputational risks in the preparation and the transition itself
  • Legal risk - the challenge of fallbacks basis risks for new and legacy portfolios
  • Multi risk-free rates - what's in for whom?
  • Expect disruption - Funding and market timelines
  • Forward vs in arrears - product opportunities and challenges
  • Right budgeting and project governance

15:0015:30

Afternoon break

15:00 - 15:30

15:3017:00

Impact on risk management and risk control

15:30 - 17:00

  • Risk Free Rates
  • Overnight RFRs vs Term Rates
  • Current approaches to fallbacks
  • Key lessons and things to do
  • Questions and Answers: Over to you

17:0017:00

End of Day 1

17:00 - 17:01

08:3009:00

Registration & refreshments

08:30 - 09:00

09:0010:30

Accounting implications

09:00 - 10:30

  • Hedge accounting relationships
  • Fair value hedging 
  • Discounting/ valuations
  • Cashflow hedging 
  • Modification accounting

10:3011:00

Morning break

10:30 - 11:00

11:0012:30

Managing collateral in a major market dislocation

11:00 - 12:30

  • Securities lending, repo / reverse-repo activities – current trends and challenges 
  • Funding risk for risky clients and prime brokerage 
  • Securitisation organisation – Back to pre-GFC situation 
  • Cleared and uncleared margining – What value for LIBOR-based collateral? 
  • ALM and Scarce Resources Management – Walking the fine line in efficient performance 

12:3013:30

Lunch

12:30 - 13:30

13:3015:00

The technology impacts and operating model challenges

13:30 - 15:00

  • Key considerations: Legacy vs new
  • Concurring new and legacy books
  • Migrations: Easier said than done
  • Jurisdictional differences in approach and timetable

15:0015:30

Afternoon break

15:00 - 15:30

15:3017:00

Transitioning: lessons learned - markets, risk and operations

15:30 - 17:00

  • Q&A session for a practical anticipation

17:0017:00

End of course

17:00 - 17:01