While the COVID-19 pandemic has placed pressure on the global IBOR Reform timelines, corporates should remain on course with their IBOR transition plans with regards to their treasury technology providers.
The end of 2021 remains as a key deadline after which the Financial Conduct Authority (FCA) will no longer require banks to submit rates to be used for the calculation of IBOR based reference rates. While regulatory uncertainties and differences between currencies and jurisdictions persist, corporates should have arranged and executed an IBOR transition plan to renegotiate existing contracts, update valuations and financial models, implement new accounting and hedge accounting guidance, and upgrade technology solutions before the end of 2021.
In the Treasury technology space, system providers are already announcing development roadmaps and implementation plans.
In June 2020, SAP announced their development strategy and roadmap for supporting system developments arising from IBOR reform. In addition to developing the additional functionality in S/4HANA, SAP will be down-porting IBOR functionality to ECC EHP8 systems. The first parts of SAP’s release are expected in July 2020 and corporates are encouraged to incorporate SAP’s latest roadmap announcement into their transition plans.
For more information relating to SAP’s roadmap, please see their announcement here or contact Constantine Tyraskis on +44 20 7730 2510.
Over the past year, the interest rates on intercompany financial transactions have come under closer examination by tax authorities. This intensified scrutiny stems from a mix of
Find out more
At Zanders, we are proud to announce the promotion of Tobias Westermaier as our newest partner. With a rich background in Corporate Finance and Treasury, he brings a wealth of experience and a
Find out more
Introduction: Faster, smarter, and future-proof In the fast-paced financial industry , speed and accuracy are paramount. Banks are tasked with the complex calculation of XVAs
Find out more
In the high-stakes world of Private Equity (PE), where exceptional returns are non-negotiable, value creation strategies have evolved far beyond financial engineering. Today, operational
Find out more
For many, December is the most magical time of the year. It is a season filled with the warmth of family members, the joy of hanging out with friends, and the coziness of gathering around the
Find out more
The near-final PRA Rulebook PS9/24 published on 12 September 2024 includes substantial changes in credit risk regulation compared to the Consultation Paper CP16/22. While these amendments
Find out more
The ECB Banking Supervision has identified deficiencies in effective risk data aggregation and risk reporting (RDARR) as a key vulnerability in its planning of supervisory priorities for the
Find out more
Recently, Zanders' own Sander de Vries (Director and Head of Zanders’ Financial Risk Management Advisory Practice) and Nick Gage (Senior VP: FX Solutions at Kyriba) hosted a webinar. During
Find out more
The Right Payment Orchestration Strategy: A Critical Factor for Success The digitalization and globalization of payment infrastructures have significantly impacted businesses in
Find out more
In our previous article 'Navigating the Financial Complexity of Carve-Outs: The Treasury Transformation Challenge and Zanders’ Expert Solution' we outlined that in a carve-out, the TOM for
Find out more
In today's dynamic economic landscape, optimizing portfolio composition to fortify against challenges such as inflation, slower growth, and geopolitical tensions is ever more paramount. These
Find out more
Effective liquidity management is essential for businesses of all sizes, yet achieving it is often challenging. Many organizations face difficulties due to fragmented data, inconsistent
Find out more
Exploring S/4HANA Functionalities The roundtable session started off with the presentation of SAP on some of the new S/4HANA functionalities. New functionalities in the areas of
Find out more
Accurately attributing changes in counterparty credit exposures is essential for understanding risk profiles and making informed decisions. However, traditional approaches for exposure
Find out more
However, CCR remains an essential element in banking risk management, particularly as it converges with valuation adjustments. These changes reflect growing regulatory expectations, which were
Find out more
The timelines for the entire exercise have been extended to accommodate the changes in scope: Launch of exercise (macro scenarios)Second half of January 2025First submission of results to
Find out more
Within the field of financial risk management, professionals strive to develop models to tackle the complexities in the financial domain. However, due to the ever-changing nature of financial
Find out more
Addressing biodiversity (loss) is not only relevant from an impact perspective; it is also quickly becoming a necessity for financial institutions to safeguard their portfolios against
Find out more
SAP highlighted their public vs. private cloud offerings, RISE and GROW products, new AI chatbot applications, and their SAP Analytics Cloud solution. In addition to SAP's insights, several
Find out more
SAP In-House Cash (IHC) has enabled corporates to centralize cash, streamline payment processes, and recording of intercompany positions via the deployment of an internal bank. S/4 HANA
Find out more
In a continued effort to ensure we offer our customers the very best in knowledge and skills, Zanders has acquired Fintegral.
In a continued effort to ensure we offer our customers the very best in knowledge and skills, Zanders has acquired RiskQuest.
In a continued effort to ensure we offer our customers the very best in knowledge and skills, Zanders has acquired Optimum Prime.
You need to load content from reCAPTCHA to submit the form. Please note that doing so will share data with third-party providers.
More Information