In the first webinar of the series, we will discuss how firms can operationalize the transition, from adhering to the ISDA protocols to proactively migrating exposure away from IBORs. Tune in to hear about the key drivers that will influence the decision making in the next year to the pitfalls that should be avoided at all cost.

Speakers:

• Chris Palmer, Head of LIBOR Transition Program, JP Morgan
• Justin Keane, Principal, PricewaterhouseCoopers LLP
• Julien Rey, Executive Director, Global Lead IBOR Transition, S&P Global
• Jacek Bugaj, Director, Product Manager MarkitSERV, S&P Global

The ubiquity of IBOR in the financial markets presents a daunting challenge to industry participants as the cessation of many underlying rates approaches. Compounding this is the idiosyncratic nature of various asset classes that defies efforts to devise a single approach to cessation. Where some asset classes have standardized amendment language such as syndicated loans, others like asset backed securities have not.

In this webinar we will discuss:

• Grappling with tough legacy contracts in loans and lack of fallback language
• Collaborative efforts at producing fallback language
• Impact to banks, buysides and borrowers
• Extension of USD tenors to avoid cliff risk

Whether it is a simple adherence to the ISDA IBOR Protocol or a more expansive approach to outreach and negotiation via a managed service, find out how institutions are tackling the problem across multiple jurisdictions, currencies and asset classes.

Speakers:

• Chris Kontaridis,Principal, US Deals, Strategy & Operations Leader for Tax Reporting & Strategy, PwC
• Michael Lines, Chief Executive Officer, LIKEZERO
• Lansing Gatrell, Executive Director, Global Lead IBOR Transition, S&P Global
• Erik Woodling, Vice President, Product Analysis & Design, S&P Global

With the announcement from ICE Benchmark Administration on November 30, 2020 that it intends to publish USD LIBOR for an additional 18-month and the effectiveness of the ISDA Fallback Protocols on January 25, 2021, the IBOR transition space has made the news recently.

In this third and final webinar of our IBOR Transition series, we will discuss how 2021 could become a very challenging year for the industry, especially when it comes to fair value considerations. With liquidity shifting from LIBOR to RFRs, fallbacks being incorporated into contracts, and collateral agreements being renegotiated, the task of pricing and reporting the fair value of financial instruments has become harder than ever.

We are pleased to be joined by a panel of industry experts from leading global financial institutions to cover the key elements that will come into play in the final stages of the transition and that every firm should consider to accurately report fair value.

Speakers:

• Justin Keane, Principal, PricewaterhouseCoopers
• Andrew Lyon, Managing Director, Global Head of Valuation Methodology and xVA, Citi
• Ben Ryan, Managing Director, Head of Global Valuation Group, Bank of America
• Allan Cowan, Managing Director, Global Head, Data Analytics, Financial Risk Analytics, S&P Global
• Julien Rey, Executive Director, Global Lead IBOR Transition, S&P Global