LIBOR Transition Learning Goals – Topics in Focus
Menu
LIBOR Transition Project Management
Learning Objectives
- Understanding of Unique Challenges of Managing LIBOR Transition Projects.
- LIBOR Transition Fit into the Organizational and Management Structures of Financial Services organizations.
- Operating models for LIBOR project management.
- Establishing LIBOR Project Management Framework.
- Resource and Budget Planning.
- Adapting ARRC’s Practical Implementation Checklist for SOFR Adoption.
- Interactions with business, functional and support departments.
- Best Practices for Management of LIBOR Transition Project Timelines.
- Management of Internal and External Communication.
- 10 common misconceptions.
Course Framework
1. Overview of Project Management Challenges
- LIBOR Transition Program Framework
- Operational and Technology Readiness
- Communication Strategy
- LIBOR Transition Program Mobilization
2. Organizational and management structures of financial services organizations
3. ARRC Practical Implementation Checklist for SOFR Adoption
- Transition program mobilization and management
- Operational and Technology Readiness
- Communication Strategy
- Exposure management and valuation
4. ARRC Practical Implementation Checklist for SOFR Adoption - II
- Portfolio and Product Strategy
- Contractual Remediation
- Risk Management
- Accounting and reporting
- Taxation and regulation
5. Establishing LIBOR Project Management Framework
- Operating models for LIBOR project management
- Assignment of responsibilities
- Estabilshing and communicating transition scenarios
- Ensuring project delivery and completion
6. Constructing a LIBOR Transition Plan
7. Exexuting LIBOR Transition Plan
8. Diversity of Consent Solicitation based on Asset Class
9. P&L Impact on Fallback Date and Its Implications
- Significance of value transfer for existing Libor contracts
- Impact on counterparty exposure, collateral and xVA measures
- Impact of tax treatment on the decision- making process for transition timing
- Limits and risk mitigation on potential fallback P&L impact
- Exposure measures and hedging of LIBOR SOFR basis spread