FISD Webinar: The End of LIBOR - Major Developments for Risk-Free Rates in Asia

It is estimated $200 trillion of financial contracts and securities are tied to USD London Interbank Offered Rate (LIBOR) and that matters to everyone: small businesses, corporations, banks, broker dealers, consumers and investors. The Fed & New York Fed’s Alternative Reference Rates Committee (ARRC) continues to lead the transition from USD LIBOR to the Secured Overnight Financing Rate (SOFR) – as well as encourage the development of the SOFR futures market. What Risk Free Rates will markets in Asia adopt to implement a successful reference rate change by the end of 2021?

• What are the alternatives to LIBOR; what’s the difference between a Fallback Rate and a Risk Free Rate?
• Who are the administrators for the Risk Free Rates in Asia markets; who supplies the Reference Rate tenors?
• How will vendors and institutions acquire, distribute and charge for this data (based on obligations to the administrators
• What are the data policy implications of using new benchmarks?
  
  

Moderator:

Nimesh Bharadia, Regional Head - Data, Strategy & Product, Tradition Asia

Participants:

Jing Gu, Head of Legal, Asia, ISDA

Philippe Shah, Regional Head of Indices and Benchmarks, Refinitiv