Are you ready for the LIBOR transition?
The London Interbank Offered Rate (LIBOR) is being phased out by the close of 2021. Taiwanese banks hold the second highest value of LIBOR-based loans in Asia Pacific, circa $19.2 billion of dollar loans* that mature beyond this date. This is behind China but ahead of Japan.
Join Finastra on Wednesday 15 July 11am to find out how you should approach the conversion to ensure a seamless transition for your treasury and/or lending functions. Eric Hsin-Hung Lin, LIBOR transition project leader for PwC Taiwan, has been invited to share his insights from a bank-wide perspective.
We will cover the following topics during the one-hour webinar, with a Q&A session at the end.
LIBOR Transition Approaches to Adopt for Taiwanese Banks
What is LIBOR transition and how does it affect your business
- LIBOR transition background in brief and latest progress update
- Impact on financial institutions in Taiwan
- Suggested approaches to adopt - the 8 phases of the LIBOR transition project
Implications for Treasury functions
What’s changing for the treasury function
- Overview of the Risk-Free Rate (RFR)
- Insights into RFR instruments and curve construction
What you need to do to prepare for the transition
- Understand the fallback for cash and derivatives markets
- Best practice in portfolio simulation & migration
The Material Impact on the Lending sector
What’s changing for the lending sector
- Identify the challenges and impact of the transition
- Considerations around operational LIBOR rate processing
How can you assess whether your current systems will be able to support the transition
- Examples of transition paths for your lending operations
What key challenges should I be thinking about
- How to leverage technology through the transition to support optimal loan servicing