Alternative Reference Rates
LIBOR Transition: Industry and Market Update
The financial services industry is racing against the clock in one of its most significant changes in decades. The London Interbank Offered Rate (LIBOR) will be phased out at the end of 2021. LIBOR is the benchmark for $350 trillion in bonds, loans, derivatives, and securitizations worldwide. It will be replaced by a variety of alternative reference rates (ARRs) around the globe – generally by country.
Changing from LIBOR to ARRs require financial firms to update front- and back-office systems, retrain staff, and redesign processes. They will need to modify or renegotiate potentially thousands of contracts. There’s a lot of work to do, with long lead times, so the potential costs of delay grow with each passing week. How can you manage the uncertainty?
Please join us on November 17th for a highly-topical Webinar event on the LIBOR Transition Industry and Market Update hosted by AFP-Ottawa and in collaboration with our fellow AFP Chapters across Canada. Our keynote presentation will be provided by our special guest speakers from PwC: Justin Keane, Principal, Financial Markets, PwC United States and Samantha Paisley, Partner, Capital Markets Consulting at PwC Canada.
Keynote Speakers:
Justin Keane
Principal, Consulting Solutions, PwC US
Justin is a Principal in PwC’s Consulting Solutions practice based in New York. He has over 20 years of experience on issues related to pricing and risk management for derivatives and complex financial instruments across our leading multinational clients in New York, London, and other leading financial services centres around the world.
Principal areas of focus include:
- LIBOR and Reference Rate Reform efforts
- Model Risk Management across global jurisdictions, and interaction of leading global standards such as SR 11-7 / OCC 2011-12
- Strategy, Risk Management and Valuation considerations related to governance and execution levels on derivative and complex financial instruments, including consideration of XVAs, business operational models cross function, and interaction between pricing, accounting and valuation.
Samantha Paisley
Partner, Capital Markets Consulting at PwC Canada
Samantha Paisley is a partner at PwC leading Capital Markets Consulting. She has experience in the Capital Markets sector across Toronto, New York and London; leading large scale transformation programs in G20 regulatory compliance reforms, launching new client offerings, and driving strategic technology enabled change for cost, control and client experience gains with leading G-SIBs.
The complete details of the upcoming event are as follows:
Date: Wednesday, November 17th, 2021
Location: Webex (link to be provided a day before event)
Event Cost: Members - Free Non-Members - $25.00
Please contact us at info@afpedmonton.com if you have any questions.
You can also follow us on LinkedIn for the latest information and updates.
