Conference / Seminar, Financial Reporting and Analysis, Institutional Asset Management, Virtual Events & Programming

LIBOR Transition Series

March 25, 2021 |
12:00 PM - 1:30 PM

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Cvent Transition Guide ⭢

Overview

LIBOR has played a pivotal benchmarking role in global financial markets for 35 years, but as this role winds down and firms transition to using SOFR and other reference rates, millions of contracts worth hundreds of trillions of dollars must be retooled.

By June 2023, this once-dominant reference rate will be phased out entirely. Capital markets, consumer loans, and a wide variety of investment products will be affected by this transition. In the U.S., the shift is well underway, with regulator plans to accelerate the process through 2021 as recommended by the Financial Stability Board (FSB) in its 2020 Progress Report.

Join CFA Society New York as we invite leaders from across the industry to share their expertise during this transition period. In three sessions, speakers will address implications for capital markets and asset management, share their observations on the current process, and envision actionable strategies for firms to navigate complex legal, methodological, and regulatory considerations.

Don’t miss out on these timely sessions addressing an industry paradigm shift. Register now to join in the discussion.

Registration Options

Single Day Pass

$FREEfor members
  • Nonmembers: $25
Day 1, OR Day 2 OR Day 3

3-Day Bundle

$FREEfor members
  • Nonmembers: $50
Day 1 AND Day 2 AND Day 3

Agenda

Thursday, March 25

Implementation of a Libor Transition Program

12:00 PM | OPENING REMARKS

Andrew Auslander, CFA, FRM, Co-Chair of the Value Investing Group, CFA Society New York

12:05 PM | PANEL DISCUSSION

Moderator

Peter Went Ph.D., CFA, Lecturer, Columbia University

Panelists

Ann Battle, Head of Benchmark Reform, ISDA

Jason Granet, Managing Director, Goldman Sachs

Adam Schneider, Partner, Digital Banking, Libor Platform Lead, Oliver Wyman

1:00 PM | Q&A

1:25 PM | CLOSING REMARKS

Leo Schmidt, CFA, Chair of the institutional Asset Management Group, CFA Society New York

Thursday, April 22

Modeling Implications of Replacement Rates for Libor

12:00 PM | OPENING REMARKS

Andrew Auslander, CFA, FRM, Co-Chair of the Value Investing Group, CFA Society New York

12:05 PM | PANEL DISCUSSION

Moderator

Peter Went Ph.D, CFA, Lecturer, Columbia University

Panelists

Fabio Mercurio, Global Head of Quantitative Analytics, Bloomberg, L.P.

Agha Mirza, Managing Director, Global Head of Rates & OTC Products, CME Group

Jonathan Rosen, Ph. D., Product Manager, Quantitative Analytics, FINCAD

1:00 PM | Q&A

1:25 PM | CLOSING REMARKS

Arthur Fliegelman, CFA, Chair of the Financial Reporting & Analysis Group, CFA Society New York

TUESDAY, MAY 25

Legal and Regulatory Aspects of the Libor Transition

12:00 PM | OPENING REMARKS

Andrew Auslander, CFA, FRM, Co-Chair of the Value Investing Group,CFA Society New York

12:05 PM | PANEL DISCUSSION

Moderator

Peter Went Ph.D., CFA, Lecturer, Columbia University

Panelists

Jason Jurgens, Partner, Jones Day

Rachel Rodman, Partner, Cadwalader, Wickersham & Taft LLP

Lary Stromfeld, Partner, Cadwalader, Wickersham & Taft LLP

1:00 PM | Q&A

1:25 PM | CLOSING REMARKS

Leo Schmidt, CFA, Chair of the institutional Asset Management Group, CFA Society New York

Agenda

TUESDAY, JANUARY 12

Alternative Data in Investment Management: Usage, Challenges and Valuation*

Petter Kolm, Director of the Mathematics in Finance Master’s Program, New York University

*This section will not be recorded

The Colour of Finance Words

Diego Garcia, Chair of the Finance Division and Burridge Endowed Chair in Finance at the Leeds School of Business, University of Colorado at Boulder.

Machine Learning in Quantitative Investing

Vladimir Zdorovtsov, Senior Vice President, Director, Global Equity Research, Acadian

Wednesday, JANUARY 13

Fundamental Analysis Via Machine Learning

Haifeng You, Hong Kong University of Science and Technology

The Changing Economics of Knowledge Production

Simona Abis, Columbia Business School

Panel Discussion | Data Science in Finance: Applications and Strategy for the Future

Peg DiOrio, CFA, Head of Head of Quantitative Equity Portfolio Management, Voya Investment Management

Stacie L. Mintz, CFA, Managing Director, Co-Head of the Quantitative Equity team and Portfolio Manager, QMA

Lilian Quah, CFA, Managing Director, Portfolio Manager, Head of Quantitative Research, Epoch Investment Partners

Additional Details

Learning Outcomes

Implementation of a Libor Transition Program

March 25 | 12:00 PM – 1:30 PM

  • Operational considerations for LIBOR transition
  • Documentation review and renegotiation
  • Managing ISDA protocols
  • Strategies to mitigate risks and financial losses

Modeling Implications of Replacement Rates for Libor

April 22 |  12:00 PM – 1:30 PM

  • Developing pricing and valuation curve
  • Understand the effects on models by using replacement reference benchmarks
  • Determining the fair value under changing benchmarks

Legal and Regulatory Aspects of the Libor Transition

May 25 |  12:00 PM – 1:30 PM

  • Legal implications of the Libor transition
  • Changes in legislation and regulation
  • Fall-back language for legacy contracts

    Sponsorship Overview

    For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

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