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Switzerland

Lessons Learned from LIBOR Transition

Overview

In-person and Virtual Participation Available

The transition from Interbank Offered Rates (IBOR) to alternative Risk-Free Rates (RFRs) has an impact on all institutions operating with the revised floating reference rates. It affects a wide range of financial instruments in both the derivatives and cash markets. Mark Rogerson of the CME Group will share his experience addressing the needs of market participants by developing new products while managing the transition from old products.

CHF LIBOR was successfully replaced by SARON in a timely manner at the end of 2021. Although there was no benchmark regulation in Switzerland and no formal authority to replace a benchmark rate, the working group was able to define and implement new standards for the replacement of LIBOR through a long series of small steps. Martin Bardenhewer will provide insights into critical issues during the transition and how the working group was able to overcome them.

Agenda

5:005:30 pm: Registration

5:30 – 5:35 pm: Welcome and Introductions

5:35 – 6:30 pm: Presentation with Q&A

6:30 – 6:35 pm: FRM, SCR and ERP Certification Ceremony

6:35 – 7:30 pm: Networking Reception

Meeting Location: 

Credit Suisse, Uetlibergstrasse 231

8045 Zürich, Switzerland

Attendees qualify for 1 GARP CPD credit.

Chapter Speakers

Martin M. Bardenhewer

Head Institutional Clients & Multinationals, deputy member of the executive board, Zürcher Kantonalbank

Martin M. Bardenhewer is Head Institutional Clients & Multinationals and deputy member of the executive board at Zürcher Kantonalbank (ZKB). His responsibilities include key account management for large Swiss corporates, commodity traders, insurance companies, large pension funds, asset managers, and banks. Martin is a long-serving member of the bank's sustainability steering committee. From 2007 to 2016 he was treasurer and deputy CFO. Martin holds a PhD in Economics from University of Mannheim and a M.Sc. in Economics from University of Bonn. He is a visiting lecturer for risk management and regulation at the University of Zurich.

Mark Rogerson

Executive Director, EMEA Head of Interest Rate Products, CME Group Inc.

Prior to joining CME Group in 2015 Mark had over 20 years of experience trading fixed income derivatives. Most recently he headed the Scandinavian and Swiss trading desk at Deutsche Bank, and before that at JP Morgan. Mark’s role at CME Group focuses on executing the company’s international growth strategy in rates with emphasis on refining and delivering exchange traded and OTC products to the EMEA region. Mark holds a BSc in Economics and Computing from London School of Economics and Political Science.

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Details

When

November 29, 2022 5:00 PM - 7:30 PM
REGISTER NOW

Chapter Directors

Alessandro Mauro
Head of Middle Office MKS (Switzerland)
Jing Lue Gramespacher
Head of Methodology and Governance for Market and Liquidity Risk Credit Suisse Switzerland AG

Committee Members

Christian Schuetz

Executive Director Credit & Methodology Risk Change Head Model Architecture Europe Risk Control UBS AG

Alexandros Sanos

Market Development Manager Commodities Refinitiv

Jean-Noel Ardouin

Director Financial Services Risk Management EY

Pedro De Carvalho Robalo

Global Head of Operational Risk COFCO International

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