The move away from IBOR is one of the last echoes of the Global Financial Crisis (GFC) but seems more likely than many regulatory changes to be a permanent shift.
Australia is by no means unaffected by the IBOR transition. A review by the Australian Securities and Investments Commission found that the overall impact of LIBOR in Australia is “substantial”. “The aggregate notional LIBOR exposure of respondents is approximately A$10 trillion, with 40% of that expected to mature after the end of 2021 (when the continuation of LIBOR will no longer be supported by the UK Financial Conduct Authority).
We examine what led to the IBOR transition and how markets around the world are responding to the looming deadline.
In this course you will learn to:
- Explain the purpose of reference rates and understand what Australia’s version is of IBOR
- Discuss why global markets are transitioning away from IBORs.
- Follow the journey from IBOR to RFR and how their methodologies are transitioning.
- Analyse why financial firms should be preparing to transition away from IBORs.
Our learning management system provides you and your organisation all the usual features you’ve come to expect – an intuitive interface, reliable access to content, and insightful reporting.
Each CPD course has specific learning outcomes, reflections and extra resources and activities, and is assessed via a short online multiple choice quiz. You have 8 weeks to complete the course.