Libor webinar playback: spotlight on derivatives

Panellists from Deutsche Bank, LCH, Numerix and Tradeweb on transition timelines, volatility and discounting

The panel

• Duncan Wood, editorial director, Risk.net
• Ales Lipensky, head of derivatives funding, Deutsche Bank
• Philip Whitehurst, head of rates service development, LCH
• Ping Sun, senior vice-president, Numerix
• Simon Maisey, managing director, head of global corporate development, Tradeweb

The next 12 months will determine how rates markets cope with the death of Libor.

With transition efforts now entering their critical phase, Risk.net’s editorial team is running a series of quarterly webinars, breaking down the issues facing the market, tracking the progress made and highlighting the remaining questions. 

After sessions on loans and bonds, the third webinar, on March 25, focused on the derivatives markets. Subscribers can replay the webinar above.

The discussion starts by asking whether the transition timeline should be extended, given the vast workload associated with Covid-19 continuity efforts, before moving on to the volatility that has followed the spread of the virus. This year’s planned changes to discounting rates for cleared derivatives – the first switches are due in June – are also covered, eliciting some sharp audience questions. Pre-cessation is briefly mentioned at the end of the session.

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• Topics
• Benchmark
• Clearing
• Derivatives
• Deutsche Bank
• Interest rate swaps
• Interest rates
• LCH
• Libor
• Numerix
• Risk-free rates (RFRs)
• Swaptions
• Tradeweb
• Valuation
• Derivatives
• SOFR
• Covid