This month's meeting will discuss the expected transition from LIBOR to other reference rates and delve into how a change in this reference rate will impact the funding, derivative and investments instruments linked to LIBOR.
In addition, the round table will review the regulatory environment surrounding the transition as well as review the primary market rate candidate to replace LIBOR in the US, SOFR.
Featured guest roundtable participants for include:
Ethan Heisler - Ethan is a senior Director for KBRA. Prior to his current position, Ethan was the President of The Bank Treasury Newsletter, an E-Publishing house for “Heisler’s Quality Letter and Analysis,” a monthly newsletter focused on bank treasury issues, including regulations, accounting, balance sheet analysis, investment portfolio strategy, asset/liability, and markets. He maintains an active dialogue with bank treasury and CFO professionals and with senior managers at the Federal Home Loan Banks and other financial institutions. Prior to founding The Bank Treasury Newsletter, Ethan was a managing director at Citigroup in Fixed Income Sales, and headed up Citi’s Bank Treasury Resource Group
Peter Nowicki - Peter is Head of Collateral Management and Prime Brokerage Business at Wedbush Securities. His focus is on focused on utilizing liquidity and funding expertise to build a repo matched book business. Previously, he was head of Societe Generale’s Treasury Funding Desk where he restructured and rebuilt the collateral funding book and managed a complex balance sheet during the credit crisis that impacted foreign banks.
By attending the roundtable, you can expect to come away with a more in depth understanding of:
o The risks and challenges of LIBOR transition
o A better understanding of SOFR and current limitations as a replacement to LIBOR
o current efforts among participants in the transition process
o Identifying key exposures to LIBOR
The session will be moderated by Thomas Braun, Co-Chair of the Treasury Special Interest Group.
The meeting is hosted by Exeter Consulting (https://www.eccm.team/). Kenneth Walker is a partner in the firm and also member of FENG.
ECCM is a global risk management and technology consulting firm with headquarters in New York. The company provides strategic thinking and hands-on support to help financial institution, public companies, fast-growing private companies, and regulators to manage growth and maximize performance. The firm delivers financial and transaction services, business analytics, risk and compliance, business and finance transformation, as well as technology, data, and litigations solutions.