LIBOR Transition: How Northern Trust is preparing and how it impacts our clients

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Presented by

Robert Angel, Head of Regulatory Solutions, Northern Trust and David Cahill, Product Manager for Regulatory Solutions, North

About this talk

The London Interbank Offered Rate (LIBOR) is the benchmark interest rate at which major global banks lend to each other. Many financial markets currently rely on Interbank Offered Rates (IBOR) as a basis for pricing and valuation of assets, trading positions, loans and other financial transactions, with LIBOR deeply ingrained in many processes and contracts. However, the UK regulator announced in 2017 that the industry needs to be prepared to move away from its reliance on LIBOR by the end of 2021. With this in mind, Robert Angel and David Cahill of our Regulatory Solutions team recorded a webinar discussion in August on what the industry is indicating institutions should be doing to help ensure they are ready. They also discussed how Northern Trust is helping its clients prepare for the transition away from LIBOR.
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Northern Trust is a leading global provider of asset servicing and related services. We have experience helping some of the world’s largest and most complex organizations handle their asset servicing needs, offering guidance and insight with personalized service.