Today there is an estimated 350 trillion dollars’ worth of worldwide contracts with interest rates tied to the Bank of England’s London Interbank Offered Rate (LIBOR). Following the rates manipulation scandal - which came to light in 2012 after going undetected for almost a decade - the benchmark interest rate is currently under intense scrutiny from the regulators with the Bank of England and Financial Conduct Authority announcing they would not support LIBOR beyond the end of 2021, at which point alternative risk-free-rates are hoped to have been phased in.
As a result, Financial Institutions around the world are now looking at ways to protect themselves from the imminent conduct risks associated with transitioning the billions of legacy LIBOR based products onto alternative RFRs.
The LIBOR Transition Conduct Risk Symposium will be the first event ever which is dedicated specifically to identifying and addressing the conduct risks associated with the LIBOR transition, across the 3 Lines of Defence. With risk of misconduct coming from various angles, including: unclear client communications; insufficient product governance; misselling and uneducated sales of contracts; conflicts of interest and continued market abuse - the reputational, legal and financial repercussions have the potential to be catastrophic, not only for the banks themselves, but also for their clients and the entire world economy.
Joining us are a host of industry-leading practitioners from Barclays, BlackRock, Citibank, HSBC, J.P. Morgan, Lloyds Banking Group, NatWest Markets, Société Générale and more... The event is uniquely focused on addressing the conduct risks associated with the LIBOR transition and will offer valuable insight and advice for both the sell side and buy side alike.
Some of the discussions that our prestigious speakers will tackle include;
Conduct Risks: How Should the Industry Manage the LIBOR Transition?
Conflicts of Interest: Exploring the Risk of Value Transfer for Legacy Migration
Treating Customers Fairly: Loans
Client Communications, Transparency & Outreach: Proactively Managing Client Outreach and Communications
Product Governance: Adapting the Benchmark to What the Client Wants
Leveraging Technology to Support Mitigation of Misconduct
And many more ...
To view the current agenda for the symposium, featuring all sessions, speakers roundtables and more, please fill in the form below. If you have any issues please do not hesitate to contact us.
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Delegate Rate for Financial Institutions
£995 + VAT
£1995 + VAT
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Delegate Package Includes
Access to all the main speaker sessions
Opportunity to actively participate in small break out discussion groups NB you choose which discussions you wish to join prior to the event
All breakfast, lunch and refreshment breaks
The LIBOR Symposium Drinks Reception
Opportunity to pose questions directly to speakers (even before the conference!)
Opportunity to participate in live industry polls and receive the results after the conference in a post event report
Digital content in the period before the event