Overview
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Interest rate benchmarks including the London Interbank Offered Rate (LIBOR), the Euro Interbank Offered Rate (EURIBOR), the Euro Overnight Index Average (EONIA) and certain other Interbank Offered Rates (IBORs) are being reformed.
These reforms are expected to cause at least some IBORs to perform differently to the way they do currently or to disappear, which may impact the HSBC products and services you currently use and those we provide in the future. Regulatory authorities and public and private sector working groups in several jurisdictions have been discussing the alternatives to IBORs but there is still uncertainty over when these alternative rates will be available and how the reforms will impact specific financial products and services.
The content of this page reflects HSBC's current understanding and does not constitute any form of advice or recommendation. Clients should consider if they require guidance from their professional advisors on the possible implications of the changes including from a financial, legal, accountancy or tax perspective.
If you require any further information on the transition, please visit our dedicated IBOR support page.
Episode 6 - Progress Towards Transition - A Year End Review
30 January 2020
HSBC's Thought Leadership and Capital Markets Teams provide an update on the transition and the current state of its progress, as well as some further considerations for your preparation for the transition.
Watch video: Episode 6 - Progress Towards Transition - A Year End Review
Episode 5 - Asian Benchmarks Transition Update
9 September 2019
HSBC's Nik Tandy and Vinay Bachani will provide a background to the transition and the current state of its progress, as well as some considerations for your preparation for the transition.
Watch video: Episode 5 - Asian Benchmarks Transition Update
Episode 4 - How Institutions are preparing for the transition
8 July 2019
Hear from John Millward, Managing Director, Structured Finance Group and Udit Kapoor, Director, Client Solutions Group, who focus on the developments across various different types of institutions including banks, asset managers and pensions and the steps they are taking to address and prepare for the IBOR transition.
Watch video: Episode 4 - How Institutions are preparing for the transition
Episode 3 - Accounting Considerations
1 June 2019
Hear from Charlie Cooke, Director HSBC Thought Leadership discuss an overview of the accounting considerations raised by IBOR transition and review IASB's recent exposure draft: What is addressed? What is not?
Watch video: Episode 3 - Accounting Considerations
Episode 2 - SOFR Market Dynamics and Developments
9 May 2019
Hear from HSBC's US Rates Trading and Debt Capital Markets teams and Julie Bennett, Head of Thought Leadership, Americas, as they provide an introduction to the Secured Overnight Financing Rate (SOFR), SOFR Trading Dynamics and Conventions as well as SOFR Product Developments.
Watch video: Episode 2 - SOFR Market Dynamics and Developments
Episode 1 - Introduction to IBOR Transition
1 May 2019
Hear from Julie Bennett, Head of Thought Leadership, Americas and John Milward, Managing Director, Structured Finance Group as they introduce the IBOR transition, the replacement benchmarks, the potential impacts of these reforms and how to prepare for upcoming changes.
Watch video: Episode 1 - Introduction to IBOR Transition