London Inter-bank Offered Rate (LIBOR) is used as an underlying reference point for valuing many financial contracts around the world.
Notwithstanding the outbreak of COVID-19, financial authorities around the world remain committed to removing the dependencies on LIBOR by the end of 2021. While industry groups under the auspices of financial authorities have continued to work out the tools to aid market participants in preparing for the transition, the responsibility for making the necessary changes ultimately lies with market participants, including financial firms and non-financial firms. With less than 18 months to go, it is important for market participants to put in sufficient resources and effort, as the preparatory work for the transition can be substantial and complicated.
At this early morning webinar our two guest speakers, Mr. Chi-Kau Lee (Division Head of the Banking Supervision Department of the Hong Kong Monetary Authority (HKMA)) and Mr. Damian Lobb (Partner at Deloitte and part of the IBOR Reform Leadership team), will inform participants of the LIBOR transition in Hong Kong and the wider region and discuss ways to be best prepared for the changes ahead.
The following topics will be covered:
• Overview of LIBOR transition
• Regulatory and market developments in HK and internationally
• The risks of the transition and what financial institutions are doing
The presentations will be followed by a Q&A session under guidance of our moderator Mr. Lapman Lee (member of DutchCham Finance Committee).
Division Head, Banking Supervision at Hong Kong Monetary Authority
Partner at Deloitte China
Member at Dutch Chamber Finance Committee
For additional event or venue information, please send an email to firstname.lastname@example.org