ALMA & FIS – Hidden Secrets to Negative Interest Rate Management

Thursday 29th April

Time:  12.30pm – 1.30pm UK time, Zoom

Speakers:
Ian Tyler, Senior Advisor, Alvarez and Marsal
Otto Huber, Vontobel Bank
Aaron Sanger, FIS Ambit Focus Product Manager
Will Nickell, Lloyds Banking Group
Markus Gujer, FIS (moderator)

The Masterclass will explore:
– Hidden Operational Impacts (Legal, Contracts etc.)
– Floor of the funding rate (= 0 + margin) not the client rate
– Potential losses on existing payer swap portfolio (pay fix & pay float)/ price of new swaps are still defined by the steepness of the curve
– Rate of Deposits could be negative and therefore margin gets impacted
– The investment alternatives for clients are limited

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