Please join us as
the RMA Chicago Chapter presents:
LIBOR Replacement Panel

In a recent Forbes article, Bloomberg estimates
“about $350 trillion of derivatives, loans, mortgages, commercial paper,
and other debt is tied to Libor.”
Our panel of experts will discuss issues every firm should consider about LIBOR replacement including:

  • What preparations does your firm need to consider as the industry transitions away from LIBOR?       
  • What is the Secured Overnight Funding Rate (SOFR) and what are the challenges, milestones and timelines related to this viable alternative?
  • What is the difference between a secured rate vs an unsecured rate?
  • For various products set to mature after 2021, what challenges exist and what should firms be doing to address them?
  • What legal issues do you need to consider related to the transition?
  • What valuation and pricing risks will firms face when moving to a new curve?
  • What are the risks concerning model development, validation and model risks?
Moderator:  Michael Sheptin, Principal, Ernst & Young, LLP

Panelists:
  • Brandon Loveridge, CFA, Managing Director, Treasury, Charles Schwab & Co., Inc.
  • Robert Krebs, Senior Vice President and Assistant General Counsel, LIBOR Transition Program at Northern Trust
  • Mark Eichelberger, SVP and Head of Capital and Resolution Planning, Northern Trust
  • Other panelists not confirmed
DATE & TIME:

May 21, 2019

7:30 a.m. Registration with Continental Breakfast

8:00 a.m. - 9:30 a.m.
Program discussion followed by Q&A
FEE:

Member: $30 (Paying $40 initially to be reimbursed $10 after member verification)

NonMember: $40
LOCATION:

Northern Trust
50 S. LaSalle Street
Chicago, IL 60603
QUESTIONS:

Bill Harrington - wharrington@sbcglobal.net

Sandy Gruber - rmachicago@rmachicago.org
RMA Chicago Chapter
www.rmachicago.org
rmachicago@rmachicago.org