There is substantial risk to loans, mortgages, securities, derivatives and other financial instruments as LIBOR is expected to be discontinued or modified by 2021. As this deadline is fast approaching, which could require a lengthy transition process to alter multiple LIBOR related facets to a post LIBOR environment, the steps involved can be very daunting. Join BDO’s
Valuation & Business Analytics practice to break down the events, identify the exposures, and learn what a transition project entails and how to broach the topic with clients.
Upon completion of thise webinar, participants will be able to:
- Recognize the more relevant exposures that require analysis and remediation during an IBOR transition project
- Identify the events and rationale that have led to recent day efforts to eliminate LIBOR
- Discuss the skillsets and capabilities required in order to successfully transition from LIBOR to SOFR
Delivery: This webinar will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Credits: 1.0 CPE credit in the field of Finance
Program Level: Overview
BDO USA, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
www.nasbaregistry.org
Discussion topics include:
- Why the FCA will no longer persuade or compel banks to submit rates for the calculation of the LIBOR benchmark after 2021
- A history of the events leading to the decision to terminate LIBOR
- The reasons that support SOFR as a more representative Risk-Free Rate (RFR) than LIBOR
- What are the exposures that require analysis and remediation during an IBOR transition project
- Instruments that exhibit direct characteristics of LIBOR (loans, derivatives, leases, etc.)
- Instruments that may be impacted indirectly by the transition
- What a transition project entails
- The phases of a transition project
- The skillsets and capabilities of the personnel involved
- Preparing to move forward
Ernie De Lachica
Managing Director
Valuation & Business Analytics
BDO USA, LLP
Matthew Goldberg
Principal
Valuation & Business Analytics
BDO USA, LLP