IBOR Europe

Exploring the latest developments within transition, markets and internal set-up

2ND ANNUAL IBOR EUROPE

Part of Risk EMEA 2020

This event is to be an international virtual conference. The full agenda and details will be made available by the end of July.
Registration for regulated financial institutions will be free, with a nominal fee charged for serviced providers, vendors and consultants.
To register your interest, and to receive the full agenda including presentations, panels, interactive roundtables, networking opportunities and so on, please email amy@cefpro.com

.

Key topics include

REGULATION
Reviewing the latest regulatory developments and ability to achieve global compliance

MODELLING
Modelling changes needed to facilitate LIBOR phase out and future use of RFRs

TRANSITION
Discussing the proactive migration of financial institutions towards LIBOR transition

INTERNAL SET-UP
Approaches to internal management of transition including roles, responsibilities, systems and resources

View the full agenda here

RISK FREE RATES
Exploring the new rates going forward and the catalyst for markets to begin trading

DOCUMENTATION
Discussing the evolution of US regulation including disparities between domestic firms and FBOs

Hear from industry experts including
Alan Farrell

Alan Farrell
Executive Director, Corporate Treasury – LIBOR Transition
Goldman Sachs

Emiliano Papa

Emiliano Papa
Director, Head of Interest Rates and FX Model Validation
Deutsche Bank

Elizabeth McGowan

Elizabeth McGowan
International Lead, LIBOR Transition Office
Wells Fargo

Sandeep Bhorkar

Sandeep Bhorkar
Director, IBOR Transition
Société Générale 

Lena Young

Lena Young
Head of Audit, Liquidity, Funding and Product Control
Credit Suisse

John O’Sullivan

John O’Sullivan
Head of Regulatory Transformation
HSBC

Isabelle Laurent

Isabelle Laurent
Deputy Treasurer & Head of Funding
EBRD

Dan Wynne

Daniel Wynne
IBOR Transition SME
National Australia Bank

View full speaker line up
Hear from last year’s attendees
Sponsorship

CAN YOUR ORGANISATION CONTRIBUTE?

Please contact the Center for Financial Professionals today to discuss how we can deliver your thought-leadership at the event, help you generate leads, and provide you with unique networking and branding opportunities. For more information on what we can offer, please contact sales@cefpro.com or call us on +44 (0) 20 7164 6582 where a member of the team will be happy to tailor the right package for you.

08:15 Registration and breakfast

08:50 Chair’s opening remarks

REGULATION
09:00 Reviewing the latest regulatory developments and ability to achieve global compliance

  • Regulatory updates
  • International variations in requirements – what to prioritise?
  • Providing feedback to regulators
  • Working across multiple jurisdictions
  • Managing multiple regulatory regimes

Richard Johnson, EMEA Enterprise Managing Counsel, Wells Fargo

TRANSITION – PANEL DISCUSSION
09:35 Discussing the proactive migration of financial institutions towards LIBOR transition

  • Current implementation progress
  • Transitional differences in the UK, EU and US
  • Timelines – Transition in current time scales
  • Trading of alternative risk-free rates (RFRs)
  • Clearing house transition
  • What still needs to be done by individuals’ firms and the wider industry?

Alan Farrell, ED, Corporate Treasury – LIBOR Transition, Goldman Sachs
John O’Sullivan, Head of Regulatory Transformation, HSBC
Elizabeth McGowan, LIBOR Transition Office, International Lead, Wells Fargo
Sandeep Bhorkar, Director, IBOR transition, Société Générale

10:15 Morning refreshment break and networking

10:45 An issuer’s perspective on transition from LIBOR to RFR-linked issuance.

  • New methodologies (lags/shifts/lockouts)
  • The importance of indices
  • Structured products linked to LIBOR
  • Legacy issues

Isabelle Laurent, Deputy Treasurer & Head of Funding, EBRD

RISK FREE RATES
11:20 Exploring the new rates going forward and the catalyst for markets to begin trading

  • Developments in SONIA, SOFR and €STR
  • Changing instruments to new rates – floating loans, swaps, derivatives
  • The adjustment spread in practice
  • Evolution of term rates
  • Adapting internally to the new rates landscape

Daniel Wynee, IBOR Transition SME, National Australia Bank

MODELLING
11:55 Modelling changes needed to facilitate LIBOR phase out and future use of RFRs

  • Modelling approaches
  • Removing IBOR references from pre-existing models
  • Changes to valuation
  • Completing model validation
  • Funds transfer pricing modelling
  • Modelling curves and volatility with a lack of historic data

Emiliano Papa, Director, Head of Interest Rates and FX Model Validation, Deutsche Bank

12:30 Lunch break and networking

INTERNAL SET-UP
1:30 Approaches to internal management of transition including roles, responsibilities, systems and resources

  • Internal structure and communication
  • Role of the 1st line, 2nd line and middle office
  • Risk management – Changes to risk systems and reporting
    • Tracking exposure to IBOR
  • Skill set to efficiently manage the process
  • Ensuring operational readiness
  • System challenges to manage multiple rates

DOCUMENTATION
2:05 Discussing the remaining legal and contractual challenges associated with LIBOR

  • Creating contractual clarity
  • Time and resources to change documentation
  • Including appropriate fall back language
  • Tackling counterparty agreements
  • Ensuring updated terms consider market rates and definition of default
  • Handling contracts which have not transitioned

Brian Fraser, Senior Manager, Lending Operations & Agency, Lloyds Banking Group

CONDUCT RISK
2:40 Ability to limit conduct risk through effective customer/client engagement and communication

  • Impact on borrowers and investors
  • Adapting to client profiles
  • Delivering transparent feedback
  • Deciding on the right time to communicate with the client base
  • Risks associated with changing contracts

3:15 Afternoon refreshment break and networking

LIQUIDITY & MARKETS
3:45 Identifying the latest trends within liquidity and markets as the industry moves away from LIBOR

  • Lack of liquidity in new rates – when will this develop?
  • Risks of a slow transition to RFRs
  • Variations in UK, EU and US markets
  • Hedging tools to manage liquidity and markets
  • Will the LIBOR market still exist?

Jasper Livingsmith, Director, Head of G7 Portfolio Management, EBRD

POST LIBOR – PANEL DISCUSSION
4:20 Debating the future ramifications of LIBOR transition and the anticipated challenges over the next twelve months

  • Overall impact on the financial industry
  • How has the removal of LIBOR affected trust between institutions?
  • Ramifications for capital and liquidity
  • Anticipated reactions of clients, customers and stakeholders
  • Market expectations post 2021

Daniel Wynee, IBOR Transition SME, National Australia Bank
Lena Young, Head of Audit, Liquidity, Funding and Product Control, Credit Suisse
Carlos Molinas, Global Head of Business Compliance, Credit Agricole

5:00 Chair’s Closing Remarks

5:10 End of Forum

View full speaker line up
Register here
Download the brochure here
Hear from industry experts including
Sandeep Bhorkar

Sandeep Bhorkar
Director, IBOR Transition
Société Générale 

Biography

Sandeep is a senior technology leader with over 25 years of experience in managing technology and enterprise-wide transformation programmes for banking sector.
Currently, he is leading IBOR transition for Capital Markets business at Société Générale. Before Société Générale, he worked with Crédit Agricole, where he managed regional technology teams and built a global outsourcing programme.
Prior to his transfer to London three years ago, Sandeep has led teams with diverse cultural backgrounds in a variety of senior leadership roles in Tokyo and Hong Kong.

Alan Farrell

Alan Farrell
ED, Corporate Treasury – LIBOR Transition
Goldman Sachs

Biography

Alan Farrell will be presenting at IBOR Europe 2020.

Brian Fraser

Brian Fraser
Senior Manager, Markets Lending Delivery
Lloyds Banking Group

Biography

Brian is Senior Manager, Markets Lending Delivery for Lloyds Bank. Brian has held positions Joint Ventures, Structured Products, Equity Investment, Debt Origination, Loans Agency and Portfolio Management. Brian currently drives Lloyd’s Loan Servicing and Agency input on IBOR Transition work stream. Brian holds positions on the LMA Operations Forum several RFR Working Parties, the ARRC Business Loans Working Group and in his spare time is a tutor for the Chartered Banker Institute, both in the UK and Asia, in Applied Business & Corporate Banking, Operations Management and Risk Management in Banking.

Richard Johnson

Richard Johnson
EMEA Enterprise Managing Counsel
Wells Fargo

Biography

Richard leads the EMEA regulatory legal team at Wells Fargo, providing expert advice to the securities and banking businesses on financial services regulatory change and corporate governance. He also has extensive experience in capital markets risk management and transaction execution, as well as implementing strategic regulatory projects including MiFID 2, MAR and Brexit.

Isabelle Laurent

Isabelle Laurent
Deputy Treasurer & Head of Funding
EBRD

Biography

Isabelle Laurent is the Deputy Treasurer and Head of Funding. Isabelle spent 13 years in London and Hong Kong in treasury, fixed income origination, and swaps trading and marketing with Swiss Bank Corporation International, Nomura International and NatWest Markets where she became Director of Debt and Derivatives Marketing in 1996. She joined EBRD in 1997 as Deputy Head of the Treasury Funding team, and was promoted to Deputy Treasurer and Head of Funding in 2003. In addition to overseeing EBRD’s issuance in the capital markets, Isabelle also focuses on capital markets’ development in EBRD’s countries of operations. Isabelle studied Russian and French at Oxford and the Sorbonne.

Jasper Livingsmith

Jasper Livingsmith
Director, Head of G7 Portfolio Management
EBRD

Biography

Jasper Livingsmith is Director, Head of G7 Portfolio Management within the EBRD Treasury. Jasper oversees the central risk warehouse for all hard currency risks across the Bank’s balance sheet, and is active across the OTC and exchange traded derivatives space, with a particular focus on cross-currency and term bases. He is also leading the renegotiation of EBRD’s ISDA CSAs with the valuation adjustments (xVAs) this entails, as well as being closely involved with various Risk Free Rate Working Groups around the world focused on IBOR Transition. Jasper joined the EBRD in 2011. Previously he worked as a macro portfolio manager and before that was a market maker in EM rates.

Elizabeth McGowan

Elizabeth McGowan
LIBOR Transition Office, International Lead
Wells Fargo Bank

Biography

Structured finance professional with over 18 years’ industry experience, holding a degree in mathematics. Currently working in Wells Fargo’s LIBOR Transition Office as the International Lead. Previously held a Director position in the Loan Syndications and Risk Distribution department of the Corporate & Investment Bank in Wells Fargo Bank London branch, providing both secured and unsecured financing to international clients.

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Carlos Molinas
Global Head of Business Compliance
Credit Agricole

Biography

Carlos Molinas will be presenting at IBOR Europe 2020.

John O’Sullivan

John O’Sullivan
Head of Regulatory Transformation
HSBC Bank plc

Biography

John O’Sullivan joined the Group in 1997, performing a number of key roles in both the business and infrastructure areas. He spent seven years of his career with the Group in Hong Kong, returning to London in July 2007, and has performed the role of Global Chief Operating Officer, Markets, between July 2009 and December 2013.

John was appointed to the new role of Head of Regulatory Transformation within Global Banking and Markets on the 1st of January 2014 responsible for the implementation of the regulatory change agenda and providing thought leadership around changes required to Global Banking and Markets’ operating model and structure whilst the financial services industry is experiencing unprecedented change through regulation.

Emiliano Papa

Emiliano Papa
Director, Head of Interest Rates and FX Model Validation
Deutsche Bank

Biography

Emiliano moved to Deutsche Bank from Bank of America where he was a quant in Rates for 5 years. Emiliano graduated with PhD in Theoretical Physics from Oxford University. He then went as Lecturer at the University of Texas at Austin in Theoretical Physics. He was also a Visiting Scholar at California Institute of Technology.

Dan Wynne

Daniel Wynne
IBOR Transition SME
National Australia Bank

Biography

Daniel is the SME to National Australia Bank’s Financial Benchmarks Project. Based in the UK branch he is advising on new RFR product development, Customer outreach and internal training and monitoring industry trends across London and New York. Daniel is a member of the Bank of England’s Cash Legacy Transition Task Force. Prior to working at NAB, Daniel has worked on a number of large scale regulatory and market structure change projects across major financial institutions.

Lena Young

Lena Young
Head of Audit, Liquidity, Funding and Product Control
Credit Suisse

Biography

Lena is Head of Audit for Liquidity and Non-Traded Market Risk, Treasury, GLG and Product Control, as well as covering the IBOR transition. She joined Credit Suisse Internal Audit in June 2015. Prior to CS, she was Global Head of Liquidity Reporting and Analytics in Barclays Group Treasury, responsible for all liquidity regulatory reporting to the PRA as well as internal reporting. Previous roles include European Treasury COO and European Head of Treasury Capital Markets at Morgan Stanley, and Market Risk Management at Mitsubishi Trust. Lena holds a degree in Economics from Stockholm School of Economics, majoring in Financial Economics and Econometrics.

Why attend

WHY SHOULD YOU ATTEND A CEFPRO CONFERENCE?
HEAR FROM PAST ATTENDEES AND SPEAKERS…

Key topics include
panel discussions

Panel Discussions

Interactive panel discussions are designed to include attendees by running a live Q&A throughout the session.

presentations

Presentations

Hear industry experts provide insights on the latest opportunities and challenges ahead of LIBOR phase out

Networking

Networking Breaks

Networking opportunities including breakfast, lunch and refreshment breaks throughout the day

Meet The Speakers

Meet The Speakers

Continue discussions beyond the auditorium and interact with speakers and attendees after their session.

HEAR FROM LAST YEAR’S ATTENDEES

For further information please call us on +44 (0) 207 164 6582 or email james@cefpro.com

co-sponsor

Conga


Conga, the leader in digital transformation of commercial operations, empowers businesses to modernize revenue generation and optimize commercial relationships, creating simplified workflows and streamlining processes for better, more efficient customer experiences. Conga’s end-to-end suite digitally transforms the foundational elements of business – documents like quotes, contracts, invoices and the business processes that surround them – for well over 10,000 enterprise and mid-market customers.

Conga, now the combination of industry pioneers Apttus and Conga, drives commercial excellence by automating core business processes and accelerating time to revenue. The company is headquartered in San Mateo, Calif. and Broomfield, Colo. with global operations across North America, Europe and Asia.

Associate Sponsor

ActiveViam


ActiveViam delivers a precision analytics platform that improves decision making for complex, real-time, high volume business and regulatory challenges. Some of the world’s largest financial institutions use ActiveViam for market, liquidity and collateral risk, FRTB, xVA, and other mission critical use cases. By harnessing your existing and new data sources to our high-performance, in memory aggregation engine, the ActiveViam platform enables train-of-thought analysis which empowers users to delve deeper into the questions requiring immediate and incisive answers.
Our platform continuously evaluates performance goals, instantly detects and analyzes deviations, simulates the impact of scenarios and takes relevant action – all in real time. Some of the key features are:
• In-memory aggregation that delivers fast responses on complex, large data queries in real-time.
• Mixed workload DBMS supports transactional and analytical queries within the same environment.
• Real-time alerts enable the detection of outliers and exploration of their cause at any point in the past.
• Multi-dimensional queries that provide the flexibility to explore data across as many dimensions as needed.
ActiveViam operates from offices in New York, Paris, London, and Singapore.
Sponsorship
CAN YOUR ORGANISATION CONTRIBUTE?

Please contact the Center for Financial Professionals today to discuss how we can deliver your thought-leadership at the event, help you generate leads, and provide you with unique networking and branding opportunities. For more information on what we can offer, please contact sales@cefpro.com or call us on +44 (0) 20 7164 6582 where a member of the team will be happy to tailor the right package for you.

Risk EMEA 2020, 9th Annual, 20-23 October, Virtual Event
300 attendees | 60+ speakers | 40+ presentations | 13 panel discussions | 7 hours of networking | 6 keynote speakers | 3 individual work streams
Keynote & Plenary Sessions

STRATEGIC RISK
Balancing risk management and mitigation with strategy and business decisioning

RISK CULTURE
Developing and promoting risk culture agendas and aligning conduct

REPUTATIONAL RISK
Managing reputation risk amidst increased uncertainty

ESG
Incorporating ESG into business plans and understanding requirements

TRANSFORMING BUSINESS MODELS
Transforming strategy and data in a changing landscape

REGULATION
Managing the regulatory landscape and potential unintended consequences

Streams and topics for 2020 include

INNOVATION & RESILIENCE
Cyber Security | AI & Machine Learning  |
FinTech | 
Data | Operational Resilience |
Cloud | KYC | Payments

Plus much more…

MARKET TRENDS
Climate Change | Geopolitical Risk | Profitability | Recession | Basel 4 | Regulation | Liquidity Risk | Stress Testing

Plus much more…

View the full agenda here

CREDIT RISK
Machine Bias | Graph Database | ESG | Credit Cycle | CCR | Uncleared Derivatives | Leveraging Financing | Loan Origination

Plus much more…

HEAR FROM MORE THAN 60 CROS AND HEADS OF RISK INCLUDING
Simon Gadd

Simon Gadd
Group Chief Risk Officer
Legal & General

Jeff Simmons

Jeff Simmons
Chief Risk Officer
MUFG Securities

Fabrice Brossart

Fabrice Brossart
Chief Risk Officer, General Insurance International & UK
AIG

James Orr

James Orr
Chief Actuary, Head of Department
Bank of England, PRA

Carole Avis

Carole Avis
Chief Risk Officer, LGI
Legal and General Group

Mark Chaplin

Mark Chaplin
Chief Risk Officer
Aviva Life & Pensions UK

man

Michael Sparks
Chief Risk Officer, Issuer Services
BNY Mellon

Sophie Dupre-Echeverria

Sophie Dupre-Echeverria
Chief Risk & Compliance Officer
Gulf International Bank (UK)

Soren Agergaard Andersen

Soren Agergaard Andersen
Chief Risk Officer
Nordea Asset Management

Andrew Edwards

Andrew Edwards
Chief Risk Officer, Commercial Banking
Lloyds Banking Group

Will Jennings

Will Jennings
Chief Risk Officer
Rabobank London

Wolfgang Koehler

Wolfgang Koehler
Chief Risk Officer, Member of the Management Board
Mizuho Securities Europe

Download the brochure here
View full speaker line up
Register here
FAQs
Can I present at the IBOR Europe Forum?

Yes, the Center for Financial Professionals are happy to discuss speaking opportunities at the IBOR Europe Forum. For further information on this please contact sophie.bottazzi@cefpro.com call us on +44 (0) 20 7164 6582.

Are there any rules on the dress code?

Business attire is requested. The Forum is a formal opportunity to network with like-minded professionals and to gain knowledge from the industry’s finest risk management experts.

What is the cost and what is included in the registration fee?

We offer incentives for ‘early bird’ registrants of the Forum, as outlined on our pricing structure. Registration includes breakfast, refreshment breaks, lunches, the cocktail reception at the end of the day, full access to the sessions and exhibition area. Presentations from sessions are also available, subject to speaker approval.

Where can I find the Forum documentation and speaker presentations?

All registered attendees will receive an email with access to documentation and speaker presentations after the Forum* We will work with our presenters to include as many presentations as possible on our Risk Insights App during the Forum. *Please note that our speakers often have to gain permission from their relevant compliance departments to release their presentations. On rare occasions compliance may not allow presentations to be distributed.

Will breakfast, lunch and refreshment be provided?

Yes. As with all of our events the Center for Financial Professionals will be providing coffee, breakfast, lunch, refreshments, and smaller bites during the networking breaks.

Will there be opportunities to network with other attendees?

There are ample opportunities for networking and interaction throughout the Forum, such as

  • Breakfast, lunch and refreshment breaks
  • Cocktail reception at the end of the day (Subject to confirmation)
  • Q&A, panel discussions and audience participation technology available through the Risk Insights App
I have several colleagues that would like to attend, is there a group discount?

Certainly! We are pleased to offer you a 50% discount on the third registration or provide a fifth registration for free. If you would like to register more than five colleagues please contact us on +44 (0) 20 7164 6582 Please note:

  • Registrations must be made at the same time
  • Registrations must come from the organisation
  • The lowest registration will be discounted
Are media partnerships available for the IBOR Europe Forum?

Yes. As part of a media partnership we can offer a variety of options to increase the branding and awareness of your association, company, certificate, publication or media. We are flexible with what we can offer however we usually:

  • Provide a discounted rate to attend
  • Place your logo and profile on the Summit website
  • Place your logo on the Summit brochure
  • Place your logo on promotional content where applicable
  • Distribute your media/marketing at the Summit
  • Promote through social media channels

To discuss this further please contact james@cefpro.com or call +44 (0) 20 7164 6582.

This event is to be an international virtual conference. The full agenda and details will be made available by the end of July.
Registration for regulated financial institutions will be free, with a nominal fee charged for serviced providers, vendors and consultants.
To register your interest, and to receive the full agenda including presentations, panels, interactive roundtables, networking opportunities and so on, please email amy@cefpro.com

co-sponsor
Conga
Associate Sponsor
ActiveViam

Connect With Us
#IBOREUROPE

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