The COVID-19 pandemic has upended global economy and banks rush to pivot and mobilize resources to address liquidity impact, operations challenges and market risks.
With this, it further complicates LIBOR transition plans. Regulators worldwide have not made any clear statement on deadline changes, and with that banks would still have to be ready for this transition as market participants should not rely on LIBOR being available after 2021.
With only 19 months left until the 2021 deadline, join subject matter experts from Finastra and KPMG in this webinar as we discuss and bring awareness to where banks should stand:
- LIBOR transition progress in Asia Pacific, where are we right now?
- How do banks in Asia look to reduce operational, legal and borrower's costs given the uncertainties and complexities of LIBOR transition globally?
- How does the growing COVID-19 uncertainties impact LIBOR transition and implementation plans?
- Implications and importance of having a comprehensive plan as well as system readiness for the transition from LIBOR to Risk Free Rates which require complex calculations