Course Agenda

Agenda

September Course Agenda

Agenda timing is in BST
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Session one - 2pm BST/ 9am EDT
Session two - 3.15pm BST/ 10.15am EDT
End - 4.15pm BST/ 11.15am EDT
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14:0015:00

Overview of the transition to risk free rates

14:00 - 15:00

  • Wider benchmark reform agenda
  • The reason for transition from LIBOR
  • Impacted currency jurisdictions and ARRs
  • Implications for financial markets and challenges of transitioning to ARRs
  • Timeline to transition
Kam Mahil

Senior Director

Loan Market Association

Kam joined the LMA in August 2015 and assists with the Association’s documentation projects, education and training events and regulatory and lobbying matters (including the LMA's response to LIBOR transition and represents the LMA on various industry and currency working groups on the transition to near risk-free rates).

Prior to joining the LMA, Kam was a professional support lawyer at Linklaters LLP specialising in project finance, acquisition finance, energy and infrastructure.  She focused on current awareness (covering both legal and sectoral developments) and developed precedents, knowhow and training for the global projects, energy and infrastructure group. 

Kam was previously a banking and finance solicitor at Slaughter and May where she acted for a variety of UK and international borrowers, focusing on general syndicated finance, investment grade finance, leveraged acquisition finance and project finance.

15:0015:15

Break

15:00 - 15:15

15:1516:15

Accounting implications

15:15 - 16:15

  • Key accounting risks in the transition
  • Impact on hedging relationships
  • Potential losses
  • Repricing contracts and products
Mark Spencer

financial services accounting advisory leader

BDO LLP

14:0015:00

SONIA, SOFR, and EONIA

14:00 - 15:00

  • Key features and polices
  • Current updates
  • Transition planning and essentials

15:0015:15

Break

15:00 - 15:15

15:1516:15

Fallback provisions

15:15 - 16:15

  • Potential fallback provisions
  • Identify Ibor inventory
  • Contractual fallback language
  • Flexible fallback provisions
  • Fallback provisions for securitizations

14:0015:00

Operational risks in Ibor

14:00 - 15:00

  • Best practice approach to transitioning
  • Operational implications for Ibor
  • Effects of Covid-19
  • Conduct risk
  • Client communication
Daniel Wynne

LIBOR Transition SME

National Australia Bank

Daniel is the SME to National Australia Bank’s Financial Benchmarks Project. Based in the UK branch he is advising on new RFR product development, customer outreach and internal training and monitoring industry trends across London and New York.  Daniel is a member of the Bank of England’s Cash Legacy Transition Task Force. Prior to working at NAB, Daniel has worked on a number of large scale regulatory and market structure change projects across major financial institutions

15:0015:15

Break

15:00 - 15:15

15:1516:15

Impacts on risk management

15:15 - 16:15

  • Alternative reference rates
  • Curve structure changes
  • Basis risk
  • Pricing models
  • Risk management
Beata Lubinska PhD

Founder

BL Advisory & Consulting

Dr. Beata Lubinska is a financial engineer with over 16 years of practical experience gained in international financial institutions such as GE Capital, Deloitte and Standard Chartered Bank based in Milan and London.

Beata’s background is strongly focused on Interest Rate Risk in the Banking Book (“IRRBB”), Balance Sheet Management and behavioural modelling for banks asset liability management purposes. She has spent most of her career managing IRRBB for a number of financial institutions.

Currently she has set up her own company where she leads and collaborate with banks on projects focused on all Treasury related matters. In her previous position she was a Head of the Market and Liquidity Risk Department in MeDirect Group in London with the main focus on IRRBB, Market Risk and Balance Sheet Management. Beata is also a member of the BTRM Faculty founded by Professor Moorad Choudhry in London.

Beata holds a PhD in Finance from Wroclaw University of Economics. Her research publications have enjoyed strong reviews by academics and industry practitioners.

Beata is also an author of the book “Asset Liability Management Optimization – A practitioner’s guide to balance sheet management and remodelling” published by Wiley & Sons Ltd in London.

In addition, Beata is actively providing trainings for professionals from the banking industry in Latvia, Poland, UK and in the US.

Her main areas of specialization include: Funds Transfer Pricing, Interest Rate Risk in the Banking Book, Asset Liability Management and Balance Sheet management through FTP and optimization.

14:0015:00

AI in the Ibor transition

14:00 - 15:00

  • Strategic planning for complex changes
  • How can AI assist in the transition?
  • Use of cognitive technologies
    • Natural language processing
    • Machine learning
  • Governance

15:0015:15

Break

15:00 - 15:15

15:1516:15

Building your Ibor program

15:15 - 16:15

  • Do you need to compress your Ibor transition plan?
  • Best practice approaches
  • Program essentials and complexities
  • Key next steps
Sharon Freeman

Libor and benchmarks regulation programme consultant

Antevorta Consultants Limited