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Thursday, November 12 • 2:30pm - 3:00pm
LIBOR Transition: 13 Months Until Potential Cessation – Are You Prepared?

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Significant work remains for firms to prepare for the cessation of USD LIBOR and other ‘IBORs’ by the end of 2021. This session will provide participants with essential information to assist them in understanding the current state of transition and insights as to how market participants are managing remaining implementation challenges.
  • Learn about market developments across derivative, FRN, and loan products as well as regulatory expectations for transition informing market structure, Alternate Reference Rate (ARR) product design, and assumptions on cessation timing
  • Discuss the Alternate Reference Rate Committee (ARRC) recommended best practices for completing the transition from LIBOR and evolving product conventions for ARR derivative, consumer and commercial products
  • Discuss how firms are tackling the challenges of migrating legacy transactions from LIBOR to ARRs including customer outreach, and strategies for fallback language and base rate remediation and related re-papering activities
  • Gain insights as to how firms are implementing new technology infrastructure and operational processes to support cross-functional capabilities to support ARRs and transition
  • Discuss financial and non-financial risks firms are identifying, assessing and managing as part of the remaining transition

avatar for Barry Barrretta

Barry Barrretta

Executive Director, EY
Barry is an Executive Director in EY’s Financial Services Risk Management practice, with specializations in ERM, treasury/liquidity management, and banking/securities operations.  His consulting experience includes advising global and regional banks as well as financial market... Read More →
avatar for Doug Sheline

Doug Sheline

Senior Vice President, M&T Bank
Doug Sheline is a Senior Vice President with M&T Bank, currently serving as the Head of the LIBOR Transition Office.  He previous served as Assistant Treasurer, responsible for Asset/Liability Management, Funding/Liquidity Management, Investment Portfolio Management and, Capital... Read More →
avatar for Michael Sheptin

Michael Sheptin

Principal, EY
Mike is a principal in EY’s Financial Services Office who co-leads EY’s Interbank Offer Rate (IBOR) services as well as EY’s market and counterparty credit risk services. He has significant front office capital markets experience, having worked as a money market, interest rate... Read More →

Thursday November 12, 2020 2:30pm - 3:00pm EST
  Credit Risk Management, LIBOR Replacement
  • NASBA CPE Hour/CRC Credit .5