Workshop E: LDI another day
"Liability Driven Investment (LDI) has become more prominent than ever as a topic. Too frequently, the descriptions of risks and recent events overlook important details, which we aim to explore:
- A brief history and benefits of LDI
- Funding-level developments including sensitivity to hedge ratios
- Key leverage instruments Collateral ‘headroom’ and waterfalls as key collateral management tools
- Why different mandate types exist (pooled / segregated)
- Why pooled funds are widely accepted to have suffered most
- Upcoming considerations (including, for example, the DB Funding Code)
- The desire for LDI moving forwards
- Additional collateral management options
Speaker: Michael O'Connor, NatWest Markets"