Navigating the LIBOR Transition

Hosted by the 100WF Geneva Education Committee

8 July 2020 | 12:00 - 1:00 ET
12:00 PM - 1:00 PM (UTC-05:00)
Webinar

The move to replace LIBOR (London Inter-bank Offered Rate) by the end of 2021 is a unique event in financial history. Since the mid 1980s, LIBOR has served as a global benchmark for commercial loans and derivative instruments, among other calculations.

Leaving LIBOR is one of the most complex projects ever undertaken in the international financial services industry. Crafting an effective LIBOR transition strategy will require careful selection of a replacement rate and a thoughtfully paced timeline of front-office and back-office changes.

Get an overview of the issues and key considerations facing financial services institutions and asset managers as they manage the transition process. Learn more about the proposed substitute benchmarks SOFR and AMERIBOR (see below) from executives who are intimately involved in the discussions. Consider the challenges and opportunities related to the LIBOR transition in terms of implementation, regulatory risk and mitigation of litigation.

Note:

Secured Overnight. Funding Rate (SOFR) is the cost of borrowing cash overnight collateralized by US Treasury securities as calculated by the Federal Reserve Bank of New York.

AMERIBOR is an index of unsecured overnight lending rates between banks and other financial services institutions taking place across the American Financial Exchange.
 

Speakers

Richard L. Sandor, American Financial Exchange

Tom Wipf, Morgan Stanley

Claire Hall, DLA Piper

Colleen Hsia, FTI Consulting

Isabelle Ord, DLA Piper