Event Overview
Date: 25 May 2021

Event overview

As APAC approaches its LIBOR-transition deadline, a lack of clarity around fallback provisions in LIBOR-linked notes has trading and liquidity implications for tough legacy bonds.

This event featured the launch of the report "ICMA-Bloomberg Guide to Tough Legacy Bonds in Asia Pacific", featuring statistics provided by Bloomberg and commentary by ICMA.

Join us for a discussion on the current state of play in relation to tough legacy issues in the bond markets. We looked at how bonds would operate post-LIBOR and highlight implications of IBOR transition and tough legacy bonds for trading, and liquidity in the region. Our experts addressed practical considerations on overall exposure to tough legacy LIBOR-linked bonds, the importance of making transition plans, and what steps firms should take to prepare for a post-LIBOR world.

Discussion topics included:
  •     Main risks arising out of tough legacy bonds in APAC
  •     Implications for trading and liquidity in the region
  •     Progress in APAC and what more must be done
  •     Emerging market practice with respect to fallbacks
  •     What "legislative solutions" in the US, EU and UK mean for APAC
  •     Issues referencing the cash data, robust score, qualitative scores
To view a recording of the event, please visit the Bloomberg site and enter your registration details.

オンデマンド ウェビナー(日本語吹き替え音声)
LIBOR移行: アジア大平洋地域におけるタフレガシー契約への影響 ご登録

If you have any questions, please contact ICMA events.

Co-hosted with


     Opening remarks
Martin Scheck, Chief Executive, ICMA

  Regulatory Opening Keynote
Clara Chan, Executive Director, HKMA

  Report presentation “Tough legacy bonds in Asia-Pacific”
Dennis To, Regulatory Data Specialist, Asia Pacific, Bloomberg
Mushtaq Kapasi, Chief Representative for the Asia-Pacific, ICMA


Tactical solutions to Libor transition
SC Yau, Head of Workflow Specialists - APAC, Bloomberg L.P.

  Panel Discussion (including Q&A)

Moderator: Vicky Cheng, Head of Government and Regulatory Affairs APAC, Bloomberg L.P.

Mark Chan, Partner, Clifford Chance
Katie Kelly, ‎Senior Director, Market Practice & Regulatory Policy, ICMA
Justin Kesheneff, Fixed Income Market Specialist, Bloomberg L.P.

Regulatory Keynote
Nathan Bourne, Senior Executive Leader, Market Infrastructure, Australian Securities and Investments Commission
  Closing Remarks
Heena Chakravorti, Head of Enterprise Data, Asia Pacific, Bloomberg L.P.
  Event close

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