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 have changed how certain IBOR-type interbank rates (e.g., EURIBOR, PRIBOR and EONIA) are set and, in some cases, have resulted in their abolition and replacement.
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For users of these rates, including financial institutions, issuers, share investors and users of financial derivatives, this transformation has affected a wide range of areas, such as financial instrument valuation, financial management, contractual documentation regarding financial instruments, and IT. Even now, after some interbank rates have officially been replaced or abolished, the IBOR reform continues to develop and may have additional future impacts.
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 individual countries. In addition, the main impacts on financial institutions and commercial companies will be discussed. The course will be led by consultants experienced in projects involving impact analyses, implementation and reviews of the implementation of the risk-free rate reform at Czech financial institutions.
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