Participants at a LFMA event on 28 June confirmed that the transition to ESTR will create significant operational- and treasury - related changes , and agreed that a thorough preparation phase would be necessary to ensure a successful transition . Together with a proper use of technology in the implementation phase, the preparation efforts put into the benchmarks reform will define how elegantly the transition will be managed. The main areas of focus are lending and lending , risk management , legal documentation , accounting and treasury management .
Participants at a LFMA event on 28 June confirmed that the transition to ESTR will create significant operational- and treasury - related changes , and agreed that a thorough preparation phase would be necessary to ensure a successful transition . The main areas of focus are lending and lending , risk management , legal documentation , accounting and treasury management .