"The End of LIBOR: What It Means for Risk Managers"

 

Webinar

 

Date: Thursday, November 19th 2020

Time: 5:00 PM – 6:00 PM ET

 

Please join us on Thursday, November 19th 2020 for a discussion on the end of LIBOR and what it means for market participants and risk managers. Topics will include:

  • Expectations regarding the future of LIBOR and what cessation will look like
  • Legacy transaction strategies and risk management implications
  • USD alternate reference rate market structure, product conventions and market liquidity
  • Customer and counterparty communications
  • Technology and operational readiness
  • Financial and non-financial risks

 

Confirmed Panelists:

 

Jason Granet, Managing Director and Head of LIBOR Transition, Goldman Sachs

Jason is responsible for leading the firm's London Inter-bank Offered Rate (LIBOR) transition effort. He is a member of the Alternative Reference Rate Committee, which is the public-private sector working group to help ensure the market's successful transition to alternative rates, and a member of the Commodity Futures Trading Commission Market Risk Advisory Committee’s Interest Rate Benchmark Reform Subcommittee.

 

Prior to assuming his current role, Jason was deputy head of Liquidity Solutions for Goldman Sachs Asset Management (GSAM). From 2010 to 2017, Jason was head of International Liquidity Portfolio Management for GSAM, responsible for the management of international liquidity portfolios. From 2007 to 2010, he was cohead of the Secured Funding team on the Central Funding desk for the Investment Management Division. Prior to that, Jason worked in the portfolio and risk strategy group of GSAM’s Fixed Income team from 2004 to 2007. Before joining GSAM, he was an analyst in Fixed Income Operations. Jason joined Goldman Sachs in 2000 and was named managing director in 2012.

 

Jason was recognized by Financial News as one of the “FN 40 Under 40 Rising Stars of Asset Management” in 2013 and 2014. Jason serves on the Board of Trustees of Fairy Bricks.

 

Jason earned a BA in Economics from the University of Michigan in 2000.

 

Mark Yale, Managing Director, LIBOR Transition Program - Business Lead, MUFG Americas

Mark Yale joined MUFG Libor Transition Program as Business Lead in December 2019. Prior to this role he was Head of the FX and Rates Latin America Marketing and Sales team since joining the firm in 2016. For the preceding period he worked at Rabobank for five years, firstly as Head of EM Structuring and Sales in Latin America and latterly as Program Manager for the successful Enhanced Prudential Standards program. Previously he co-founded the EM Derivatives group at HSBC Bank USA, running the Structuring team from 2004 to 2011. Earlier he was a Managing Director/Principal at Bear Stearns Companies a Vice President at Bankers Trust Company and Associate in Chemical Bank NA. Mark has a BA in Economic Geography from University College, London.

 

Julie Schell, Managing Director, Product Management Executive and Global Banking IBOR Program Lead, Bank of America

Julie Schell leads Product Strategy, a group which supports product management and development needs for Wholesale Credit. This includes product ideation, innovation, modification and governance, IBOR transition planning for wholesale loans and related strategic projects.

 

Julie joined the bank in 1998, to continue a career focused on commercial loan origination. This included a focus on emerging telecom loans and syndications in 1999-2000, and then a move into restructuring situations as the telecom sector became increasingly challenging and lender and equity appetite declined in 2001-2003. Eventually the telecom and other industry sectors strengthened, leading Julie to a role syndicating second lien loans. As the economy faltered in 2008, Julie moved into credit product management, learning how to consider the end-to-end view of delivering loans to wholesale clients. This led to technology strategy, pricing and product optimization roles, which transitioned into today’s Product Strategy group.

 

Julie graduated with a Bachelor's Business Administration degree from the University of Texas at Austin. She focused on Finance and Marketing. Julie lives in Charlotte with her husband Daniel and three children.

 

Moderator:

 

Michael Sheptin, Principal, Ernst & Young

Mike is a principal in EY’s Financial Services Office who co-lead 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 derivatives and foreign exchange dealer prior to joining EY. 

 

Mike is actively advising multiple leading global and regional banks, asset managers and mortgage companies on IBOR reform and assisting teams to execute projects to inventory firm’s exposures to IBORs pre-and-post 2021, inventory contracts and analyze fallback language, understand the impacts on enterprise wide models and systems, develop and execute strategic plans to implement alternate reference rates for new derivative and cash products, and assess and manage remediation strategies for legacy portfolios.

 

 

Thank you to S&P Global Ratings for being the sponsor of this program.

S&P Global Ratings Website

 

 

 
 
**Registration can be done online by clicking here. If you prefer, you may submit your registration via fax (914-332-1541) with the following information: 

 

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