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  • TMAC Webinar:Alternative Reference Rates- LIBOR Transition: Industry and Market Update

TMAC Webinar:Alternative Reference Rates- LIBOR Transition: Industry and Market Update

  • Wednesday, November 17, 2021
  • 12:30 PM - 1:30 PM
  • Virtual Educational Event

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  • No Cost

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TMAC would like to share that we have taken steps to build out partnerships with AFP Chapters across Canada, providing you access to a collective Canada-wide series of virtual educational seminars.  For TMAC members, this will now expand the number of sessions you can attend at no cost throughout 2021, with a nominal $25.00 attendance fee assessed on each seminar for non-members.  These partnerships complement our own TMAC sessions and reinforce our key mandates to connect, educate and support our practitioner constituents and will serve to offer additional value to your professional development. 

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.

We look forward to connecting with you virtually!

Sincerely,

TMAC Toronto Board of Directors

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