Why This Program?

In July 2017, the UK’s Financial Conduct Authority (FCA) announced that LIBOR was coming to an end. Banks will be required to transition away from LIBOR to Alternative Reference Rates (ARRs) based on overnight wholesale deposit rates from the end of 2021. Without any doubt, this transition is one of the largest upheavals of the financial markets in living memory. It creates enormous change requirements for banks across multiple asset classes, including loans, bonds, Sukuk, and derivatives. So how will banks manage this change and what challenges will banks need to overcome?

This course has been designed for banking practitioners who need to understand the key, pressing issues for transition to the new Risk-Free Rates (RFRs). The course provides instruction on how to establish a transition plan to manage the change, as well as managing legacy contracts, applying RFRs to new contracts, legal documentation, customer communications, and pricing. The course is highly interactive and provides delegates ample opportunity to raise questions and discuss solutions.

  • Key Highlights and Takeaways:
    • Gain critical understanding as to how the LIBOR transition will impact your bank
    • Learn how to formulate and implement a LIBOR transition plan for your bank across all key, relevant products and impacted departments
    • Understand the new Overnight Risk-Free Rates and how will they be administered
    • Understand the transition for Shariah compliant products, including Sukuk

Fee

1 participant: RM850/$250
2 participants: RM1,700/$500
3 participants: RM2,550/$750
4 participants: RM3,400/$1,000
5 participants: RM4,250/$1,250

Early Payment Discount: Payments made on or before 11th August; 3rd November 2021 will receive a 7.5% discount. Payments received after this date will be re-invoiced for the full amount.

In-house/group training

If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
Learn More

Register Now

Send me Details

For enquiries please contact:

Mathias Sosovele
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 25

Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44

Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810

For sponsorship & speaking opportunities:

Andrew Tebbutt
Managing Director
[email protected]
Direct Line: +603 2162 7802

For marketing and media enquiries

Anna Rozana Ramli
Marketing Director
[email protected]
Direct Line: +603 2162 7800 ext 22

Send me Details

Why This Program?

In July 2017, the UK’s Financial Conduct Authority (FCA) announced that LIBOR was coming to an end. Banks will be required to transition away from LIBOR to Alternative Reference Rates (ARRs) based on overnight wholesale deposit rates from the end of 2021. Without any doubt, this transition is one of the largest upheavals of the financial markets in living memory. It creates enormous change requirements for banks across multiple asset classes, including loans, bonds, Sukuk, and derivatives. So how will banks manage this change and what challenges will banks need to overcome?

This course has been designed for banking practitioners who need to understand the key, pressing issues for transition to the new Risk-Free Rates (RFRs). The course provides instruction on how to establish a transition plan to manage the change, as well as managing legacy contracts, applying RFRs to new contracts, legal documentation, customer communications, and pricing. The course is highly interactive and provides delegates ample opportunity to raise questions and discuss solutions.

  • Key Highlights and Takeaways:
    • Gain critical understanding as to how the LIBOR transition will impact your bank
    • Learn how to formulate and implement a LIBOR transition plan for your bank across all key, relevant products and impacted departments
    • Understand the new Overnight Risk-Free Rates and how will they be administered
    • Understand the transition for Shariah compliant products, including Sukuk

Who Will Benefit?

  • Chief Executive Officers
  • Chief Risk Officers
  • Chief Financial Officers
  • Credit risk managers
  • Risk analysts
  • Treasurers
  • Treasury analysts
  • Credit risk officers
  • Credit origination teams
  • Credit portfolio managers
  • Corporate bankers
  • Legal advisors
  • In-house counsel
  • Retail bankers
  • Internal auditors
  • Central bankers

Program Format

This two-part training program will be delivered online through a stable, secure and free-to-access platform. The program itself will be delivered through lectures, worked examples and case studies in order to ensure a detailed and practical understanding of the program content. Participants will have plenty of opportunity to ask questions and interact with the program director. Login details and program materials will be sent to participants upon receipt of payment

Fee

1 participant: RM850/$250
2 participants: RM1,700/$500
3 participants: RM2,550/$750
4 participants: RM3,400/$1,000
5 participants: RM4,250/$1,250

Early Payment Discount: Payments made on or before 11th August; 3rd November 2021 will receive a 7.5% discount. Payments received after this date will be re-invoiced for the full amount.

In-house/group training

If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
Learn More

Register Now

AGENDA AND FORMAT

Each session will be interactive in a seminar format, with participants encouraged to engage with questions throughout.

PLATFORM

This two-part training program will be delivered online through a stable, secure and free-to-access platform. The program itself will be delivered through lectures, worked examples and case studies in order to ensure a detailed and practical understanding of the program content. Participants will have plenty of opportunity to ask questions and interact with the program director. Login details and program materials will be sent to participants upon receipt of payment

Register Now

AGENDA

Part 1: Understanding the Essential Components of LIBOR Transition
  • Reasons for the transition from LIBOR to Risk-Free Rates (RFRs)
  • What are the new Overnight Risk-Free Rates and how will they be administered?
  • How are term rates going to be treated, and what are ‘synthetic term rates’?
  • Overnight index swaps (OIS) and the discount curve
  • Timelines for implementation
Part 2: Developing and Implementing an Effective Transition Plan
  • Identifying LIBOR dependencies
  • Fallback provisions, protocols and legacy contracts
  • IT systems and process changes
  • Accounting changes
  • Risk management
  • Client communications
Part 3: Reviewing and Managing Key Products and Pricing
  • Which products are impacted by the transition?
  • Backward compounded term reference rates versus forward-looking term reference rates
  • Credit Adjustment Spread (CAS) method for term products
  • Bonds and Floating Rate Notes
  • Derivative instruments and ISDAs
  • The Shariah compliance of Islamic financial instruments and alternative structures
  • Implications for Sukuk instruments

Register Now

EXPERT COURSE DIRECTOR


Dr Ken Baldwin 
Former Director, Financial Policies & Planning, Islamic Development Bank

Dr. Ken Baldwin has worked as a practitioner in banking and finance for over 25 years in senior positions spanning the front and middle offices. Having graduated from Oxford University with a first-class honors degree in Physics in 1989, he qualified as a Chartered Accountant with PWC, before joining UBS, and then later Credit Suisse, in derivatives risk and control functions based in London.

He gained a PhD in the microeconomic theory of risk sharing in Islamic contracts, and worked in the GCC for 15 years in Islamic retail and Islamic investment banks. Whilst at Abu Dhabi Islamic Bank, Dr. Ken built an ALM analytic technology platform capable of capturing liquidity and interest rate risks inherent in the many varied Islamic financing products used at retail and corporate levels. He then moved to take up the position of MENA Regional Head of Quantitative Analysis for Citigroup. At Citicorp, Dr. Ken worked on structuring complex products used by Gulf-regional corporations to hedge FX and interest risks. Still residing in Bahrain, Dr. Ken then joined Investcorp, where he worked on the risk due diligence of corporate private equity and real estate private equity transactions and portfolio management. After leaving Investcorp, he set up the risk management department for venture capital bank, providing Basel III compliance and deal analysis for the bank. He then operationalized a new Islamic investment bank as its Chief Operating Officer for 3 years, before his most recent industry role at the Islamic Development Bank, where he set up and ran a new department tasked with developing Financial Policies and Planning underpinned by robust financial analytic tools and methodologies designed specifically for the IDB. Dr. Ken is currently a senior university lecturer in finance in the UK. He has published quantitative finance articles in peer-reviewed academic journals including the Journal of Risk, and during his earlier career, taught CFA and FRM professional certifications as a pastime for the Bahrain Institute of Banking and Finance.

Ken is a British Muslim.

Who Will Benefit?

  • Chief Executive Officers
  • Chief Risk Officers
  • Chief Financial Officers
  • Credit risk managers
  • Risk analysts
  • Treasurers
  • Treasury analysts
  • Credit risk officers
  • Credit origination teams
  • Credit portfolio managers
  • Corporate bankers
  • Legal advisors
  • In-house counsel
  • Retail bankers
  • Internal auditors
  • Central bankers

REGISTRATION

*Please note there is a fee for attending this program. Please contact us for more details.

(please indicate for which session you are booking)

Approving Manager

Verification

Before completing this registration form please read and understand our booking and cancellation policy. Thank you.

Presentation materials: – important, please read carefully

as part of our sustainability drive, we offer standard access to an electronic version of the course materials. A hard copy of the materials can be provided for a fee: RM100 per copy for Malaysia-based participants; US$150 per copy for all other locations.

Booking, Payment and Cancellation Policy – important, please read carefully

By completing, signing and revised, sent separately us this registration form you are confirming participants on the program. You are also confirming your understanding of our Booking, Payment and Cancellation Policy.

Cancellation Policy: If participants cannot attend the program, replacement participants are always welcome. Otherwise, participants must notify us any of cancellations or requests to transfer to a different program at least 14 days before the program date to be eligible for a refund, less a 5% administration on fee. Participants who cancel within 14 days of the program start date are liable to pay the full program fee and no refunds will be given. Instead fees will be converted to a REDmoney Seminars voucher equivalent to the original fee, less a 10% administration charge. This voucher is transferable within your organization and must be redeemed within one year of issue or become void. If a program is postponed for whatever reason registrations and fees will be automatically transferred to the new program date. Participants who wish to transfer to a different program will be subject to the same terms as above and charged any difference in fees. No refunds or program vouchers will be issued for a no-show.
Payment Terms: All program fees are payable upon invoice. REDmoney shall receive the full program fee with no deductions of any description. All telegraphic transfer fees, taxes and levies (domestic or otherwise) shall be borne by the sponsoring organization.
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CPE/CPD Applicable:

CPD Points

For enquiries please contact:

Mathias Sosovele
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 25

Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44

Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810

For sponsorship & speaking opportunities:

Andrew Tebbutt
Managing Director
[email protected]
Direct Line: +603 2162 7802

For marketing and media enquiries

Anna Rozana Ramli
Marketing Director
[email protected]
Direct Line: +603 2162 7800 ext 22