From IBOR to Risk Free Rates, Japan

Learn how to deal with the implications of the transition to risk-free rates on cash products, the treasury and operations functions and derivatives market.

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From IBOR to Risk Free Rates, Japan

August 3-4, 2020 | 9AM–12:30PM Tokyo (GMT+9)

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Having received exceptional feedback from running this course in 2019, IBOR to Risk Free Rates is coming to Japan to provide attendees with best practice approaches for dealing with the implications of the transition to risk free rates.

Key concerns such as adapting the operations function, defining and modelling rates, accounting for loans and the wider impacts on risk management will all be considered.

Sergey Volkov

Partner – PwC APAC LIBOR Leader

PwC Consulting LLC

Sergey co-leads the PwC Japan's LIBOR and Reference Rate Reform. He is a partner with twenty years of combined industry and consulting financial services experience.

Sergey is a Chartered Financial Analyst (CFA) charterholder and a US Certified Public Accountant (CPA) (Virginia). Sergey is a member of the CFA Institute, and Washington DC Society of Investment Analysts, and a number of industry societies. Sergey is a frequent speaker at large industry conferences. 

PwCコンサルティング合同会社 金融サービス事業部 リスクチーム パートナー
20年以上にわたるコンサルティング及びリスク管理の経験を有しており、リスク管理・財務報告を専門領域としている
複数の大手金融機関(本邦およびG-SIBsの本邦拠点)のLIBOR移行プロジェクトを主導
PwCにおいてLIBOR移行アプローチ(契約書修正、顧客アプローチ、影響調査)の検討を主導
欧州・米州・アジアの主要金融機関対するリスク・ファイナンスに係る改革プロジェクトを主導
数多くのデータ・アナリティクスの改革プロジェクトを主導
PwC Global Reference Rate Reform networkメンバー

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Osamu Tsuchiya

Principal

Simplex Inc.

Osamu Tsuchiya is a Quantitative Analyst at Simplex Inc. He has worked for Dresdner Kleinwort and Citigroup as a rates and hybrid derivatives quant analyst. He has also worked for XVA modeling.

Additionally, he has experience working as a  financial risk management consultant for Ernst and Young.

Before moving to finance, Osamu worked in the field of mathematical physics. He holds a PhD in Theoretical and Mathematical Physics from The University of Tokyo. His book "The Practical Approach to XVA: The Evolution of Derivatives Valuation After the Financial Crisis" will be published this year.

Shie Otsuka

Pre-sales and Quantitative Support

Numerix Japan Co Ltd.

Since she joined Numerix in 2014, she has been providing consultancy and quantitative support to many financial institutions in Japan in derivatives pricing and risk management.

Prior to joining Numerix, she served about 15 years in Banks and Securities companies as Market Risk Officer.

大塚史絵 ニューメリックスジャパン株式会社 プリセールス&クォンティテイティブサポート

2014年にニューメリックスに入社して以来、国内の多数の金融機関に金融派生商品の評価およびリスク管理の分野におけるコンサルタントやサポートを提供。

ニューメリックス入社以前は、約15年にわたって銀行、および証券会社でMarket Risk Officerを経験。

Yingqi Zhu

Presales consultant, Business Development APAC

Numerix Japan Co., Ltd.

Yingqi is  co-working with system vendors and consulting firms to provide solutions to financial institutions in APAC region with his technical and analytic background in LIBOR Transition as well as Pricing, XVA and Risk Management.

ニューメリックス・ジャパン株式会社 アジアパシフィック・ビジネス・デベロップメント プリセールス・コンサルタント

NumerixにおいてAPAC地域のベンダー協業を通じたサービス提供を担当。LIBOR移行を含む時価計算、XVAやリスク計測などの領域で様々な情報ベンダーやコンサルティングファームと協業して金融機関にソリューションを提供している。

Nitin Rana

Business Solution Architect - Group Risk

United Overseas Bank

Mr. Nitin Rana has been working in financial services for more than 2 decades with an established track record in financial services IT, product development and management consulting. He currently holds M.B.A. from New York University, Stern School of Business with major in Quantitative Finance and Global Leadership.  

He has spent most of his professional career working in New York City at major financial institutions, hedge funds, Asset Managers before moving to Asia.

His portfolio of experiences includes IT strategy and execution, design and implementation of IT applications and process re-engineering, technical infrastructure innovation, and product engineering. He is currently overseeing a multitude of Risk regulatory programmes such as IBOR transition, FRTB, Basel 4, Market data standardization for United Overseas Bank, Singapore

Leng-Fong Lai

Partner

Clifford Chance

Leng-Fong Lai is a partner in Clifford Chance. He joined Clifford Chance in 2000 and was based in London until 2005 when he moved to Tokyo where he is currently based. Mr. Lai graduated from The National University of Singapore (LLB Hons) in 1998 and is admitted as an Advocate and Solicitor in Singapore in 1999 and a Solicitor of England & Wales in 2001. He advises extensively on cross border legal and regulatory issues arising from securities and derivatives transactions and related business activities. He also advises banks, sponsors and investors in all forms of cross border and international capital markets transactions and offerings, with a focus on structured financial products and asset-backed financings over a variety of asset classes. He is recognised as a leading practitioner in major legal directories.

Asim Parashar

Partner

PwC India

Asim has twenty plus years of experience in advising clients on large transformation engagements in Banking & Financial Services industry in India and abroad. He has led several engagements across global banks, asset management companies and sell-side firms focusing on their Enterprise Solution Architecture, Enterprise Risk Management, Process and Technology Re-Engineering initiatives across functions. He has worked on key global regulations and market developments including SEPA and MIFID II / MIFIR. Currently he is supporting banks on LIBOR transitions focussed on Operations and Technology work stream.

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Yu Zhang

Managing associate

Allens

Yu is a Managing Associate in the Banking & Finance practice group at Allens. He advises borrowers and lenders on a broad range of finance transactions and global markets issues, including in relation to derivatives and GMRAs. He is currently working with a major Australian bank on its LIBOR transition.
Yu is a regular speaker on behalf of the International Swaps and Derivatives Association, Inc and the Asia Pacific Loan Market Association. He completed his Masters of Law at Cambridge University in 2009 with a focus on private law, and his Masters of Law at Harvard University in 2010 with a concentration in corporate governance and financial regulation.

Martin Friedhoff

Partner

KPMG

Martin is a Partner in KPMG China's Department of Professional Practice, looking after financial instruments related financial reporting issues. He has worked for international audit firms since 1997, increasingly specialising on accounting for financial instruments under IFRSs. Martin is originally from Germany but has also worked in New Zealand and Australia.

From 2008 to 2012, Martin was based in London as a key member of the IASB’s staff on the IFRS 9 project. He was deeply involved in all three phases of the project (classification and measurement, impairment, hedge accounting). He also managed the IASB’s Expert Advisory Panel on Impairment. During his time at the IASB, Martin also looked after the IASB’s project on accounting for dynamic risk management (‘macro hedging’), and presented to the IFRS Interpretations Committee on financial instruments related matters.

Martin works closely with the global technical accounting policy teams, and he has been a member of regional and global topic teams for many years. As part of these roles Martin also authored internal position papers as well contributing to external publications.

In his day to day work, Martin provides advice on the accounting for complex transactions. Hedge accounting is a particular focus of Martin’s work.

Desmond Yu

Associate Director

KPMG Advisory (Hong Kong) Limited

Desmond is an Associate Director with 10 years of experience in financial services in KPMG, specializing in banking, securities and investment management industry. Desmond has also worked in the financial services practice in KPMG United States for two and half years. His client portfolio includes international banks, broker-dealers and wealth management companies in Hong Kong.

Desmond leads the LIBOR transition working group in KPMG Hong Kong, and have been actively participating in the global KPMG working group. His work includes hosting roadshows for over 20 international, regional and local banks in Hong Kong and organizing and leading the KPMG LIBOR survey for the APAC region.

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What will you learn?
  • Global IBOR to RFR context and progress so far
  • About the benchmark options, similarities and differences to global markets
  • Practical ways to deal with the transition
  • How to manage the impact on risk management and risk control
  • Tax insights, legal issues and other accounting implications 
  • Technology impacts and operating model challenges
  • What to look out for in 2020
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Who should attend?

This course has been designed for anyone in financial services who is working in, and affected by the transition to risk free rates. Relevant departments may include but are not limited to:

  • Financial markets
  • Regulation
  • Counterparties
  • Treasury
  • Risk managers
  • Derivatives
  • Market infrastructure and policy 
  • Ibor transition
  • Benchmark and control
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Asia Risk Training Calendar 2020