EVENT: PwC Briefs Corporate Members on Libor and Brexit

Date: 3rd May, 2019 Time: 01:00 pm - 02:30 pm
PwC Briefs Corporate Members on Libor and Brexit

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:

Nassim Daneshzadeh
Partner | LIBOR Transition UK Co-Lead 
Sergen Djemal 
Manager | Banking & Capital Markets
Andrew Gray
Partner, Legal
ABA Meeting Discussion Document FINAL

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