On 20th March 2019, in partnership with FinCAD and Erik Vynckier, Kidbrooke Advisory hosted an event focused on addressing the challenges attributed to the transition from -IBOR rates. This shift, influenced by the financial crisis of 2008 and the LIBOR scandal of 2012, is anticipated to have a profound impact on the PnLs of all the financial institutions engaged in -IBOR-linked instruments trading.
Several topics were discussed more in-depth:
- Term rates and currency effects;
- Curve building intricacies and technical aspects;
- The -IBOR fallbacks and calculation of spreads;
- The state of the -IBOR transition in Sweden.
The general recommendation is to start reviewing your positions right away and decide on the best plan of action to minimise adverse PnL effects. We would like to take an opportunity to once again thank everyone who attended, presented and participated in the discussions!