IBOR Transition Update and Legacy Contracts (Dec 20) II

IBOR Transition Update and Legacy Contracts (Dec 20) II

In this video, John briefs about the expectations of regulators to the end of 2021 and then explains what is happening between now and the end of 2021 for the LIBOR equivalents in other currencies.   
Overview

The FCA has stated that the contribution banks have agreed to continue providing inputs until the end of 2021, but may not continue to do so. LIBOR exists only because a set of contributor banks agrees to contribute data on a daily basis. This is risky because, over the last decade, banks have been fined billions of dollars for exploiting or violating the benchmark submission process.

Key learning objectives:

  • What are the expectations of regulators by the end of 2021?

  • What are tough legacy contracts?

  • What is happening between now and the end of 2021 for the LIBOR equivalents in other currencies?

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Summary
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Expert
John Ewan

John Ewan

John Ewan has over 20 years of experience managing financial benchmarks in every major market across asset classes, with direct experience of managing regulated benchmarks and indices since 2013. Currently, John scopes, develops and implements compliance solutions for Treasury, FX rates and FICC. He has a strong track record of implementing reform, management, and commercialisation of benchmarks and indices.

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