IBOR reform

The European Benchmark Regulation (BMR) and the decision of the Financial Conduct Authority (FCA), a British regulator, to lift the requirement to publish the LIBOR rate will change how certain IBOR-type interbank rates (e.g. EURIBOR, PRIBOR and EONIA) are set, and may even result in their abolition and replacement.

No dates available. If you are interested in attending the training, please fill the form.

For users of these rates, including financial institutions, issuers, share investors and users of financial derivatives, such a change requires assessing the impact on a wide range of areas, such as financial instrument valuation, financial management, contractual documentation regarding financial instruments, and IT.

The objective of this course is to present the changes in risk-free rates as well as the latest developments in related regulation and its implementation in various countries. In addition, the main impacts on financial institutions and commercial companies will be discussed. The course will be led by consultants experienced in analysing the effects of the risk-free rate reform.

Who are the intended course participants?

  • Managers in charge of risk, finance or treasury functions in financial or non-financial institutions
  • Project managers
  • Issuers and share investors
  • Other users and individuals wishing to learn more about interest rates

Programme

  • Reason for the reform: the manner of setting interbank rates and its limitations
  • The BMR and its requirements
  • Implications and current developments for selected rates (LIBOR, EURIBOR, EONIA, PRIBOR, etc.)
  • Successor rates (ESTR, SOFR, SONIA, etc.), their parameters and differences from the current rates
  • Impact of the reform on businesses: a summary of affected areas and key risks, and discussion of options for implementing changes
  • Model project involving transition to successor rates

Benefits

You will:

  • Gain an understanding of the risk-free rate reform’s effects on your organisation.
  • Hear from people with practical experience in managing impact assessment projects relating to the transition to new rates.
  • Become acquainted with the issues that the risk-free rate reform brings to your organisation.
  • Get a better idea of how your firm’s systems, processes and documentation need to change.

Register for two or more training sessions from the INTEREST programme for financial institutions and get a discount.

  • Two sessions: 5% discount on the price of both sessions
  • Three sessions: 10% discount on the price of all sessions
  • Four or more sessions: 15% discount on the price of all sessions
Date

IBOR reform

Course fee: 3 500,- CZK ex. VAT
I am interested in attending the training