EVENT: PwC Briefs Corporate Members on Libor and Brexit
Date: 3rd May, 2019 Time: 01:00 pm - 02:30 pm
Senior PwC executives briefed our Corporate Members on latest developments in the replacement of Libor and other interest rate benchmarks with new and more reliable instruments.
Nassim Daneshzadeh, a Partner at PwC and the firm's co-lead on Libor Transition, and Sergen Djemal, a Manager in the Banking and Capital Markets practice, outlined the timescale of abolishing Libor and described the current status of plans to introduce replacement benchmarks. Their presentation, which is attached below, identified near-term priorities for banks that have been using Libor, and gave examples of tools that banks can use to discover and then remediate contracts that will be affected by the transition.
Andrew Gray, a partner in PwC's legal department then briefed participants on latest Brexit developments and led a discussion on possible scenarios for the next few months.
The photo shows Hani Salem, PwC (and ABA Treasurer), Nassim Daneshzadeh, Andrew Gray, Sergen Djemal, and George Kanaan, ABA CEO.
Contact details for the PwC team are:
More in Events
Our Annual Gala Dinner will be held on Wednesday 23 October. Save the date! This is the flagship event of the London Arab Banking Community. More details soon....
The World Gold Council briefed corporate members on the gold market, with particular reference to Shari'ah-compliant products.
VG, the Jersey-based trust and service firm, hosted a lunch for ABA corporate members on 4 April.
On 9 April we held a reception to welcome a delegation of Iraqi financial professionals, led by the Deputy Prime Minister/Finance Minister.
We will hold an seminar on whislteblowing, hot lines and the 'speak up' culture. It will be delivered by Protect (formely known as Public Concern at Work) a registered charity that promotes discussion and awareness around...