We are pleased to invite you to our next PEP on the 25th of June 2019:
IBOR transition for Corporates in partnership with EY and LMA
The financial sector has started reducing the dependence on IBORs (including LIBOR, EONIA and potentially EURIBOR). In various jurisdictions, the selection of alternative Risk-Free Rates (RFRs) and plans for the transitions from current IBORs to these RFRs have been initiated.
Within the euro zone, the public sector institutions ECB, European Commission, ESMA and FSMA initiated an industry working group on euro risk-free rates, which is currently investigating the possible approaches to ensure a smooth transition from EONIA and Euribor towards the new RFR – €STR. The working group is chaired by ING. During the workshop ING will provide insights into the latest status and developments from this working group. EY will give further insights into the step-by-step plan and actions that corporates can already take to prepare for the transition and the LMA will provide insight into the challenges of the transition for the loan market and the work that the LMA has been doing to assist preparations for the transition.
14:40 – 15:00 Registration
15:00 – 15:05 Opening – Boudewijn Vermeer, Counsel Clifford Chance and board member of DACT
15:05 – 15:45 IBOR transition: the structure, importance, status and development – Marjolein de Jong, ING Bank, Business Manager Group Treasury
15:45 – 1600 Break
16:00 – 16:40 IBOR transition: what this means for corporates, what steps need to be taken and market insights – Ruud Bulkmans, EY, Associate Partner Treasury Advisory Financial Institutions and Corporates
16:40 – 16:50 Break
16:50 – 17:30 Focus on syndicated loans: update from the LMA – Kam Mahil, LMA, Director – Legal
17:30 – 19:00 Networking Drinks
Location: EY Office Antonio Vivaldistraat 150, 1083 HP, Amsterdam, Netherlands
Parking: QPark “Ravel” parking next to EY’s office. Parking is at your own expense.
Public traffic: Station Rai – 5 minutes walk to EY’s office
We look forward to seeing you on Tuesday the 25th of June!