Bracing for a Post-LIBOR Reality: Legal & Operational Considerations

Webinar | June.24.2020 | 12:30pm - 1:30pm (Eastern Daylight Time)

Webinar - Connection details will be provided after registration

Orrick is co-hosting a LIBOR webinar with Accenture on June 24, 2020. This webinar will cover considerations for cash instruments and derivatives, litigation risks and the proposed legislative “solution” for legacy instruments as well as how to assess operational readiness, facilitate contract remediation and effectively use technology to support the transition. Howard Altarescu and Nikiforos Mathews, Orrick Partners as well as Daryl Shetterly, Director of Orrick Analytics will be speaking along with Accenture’s Samantha Regan, Accenture’s Regulatory and Compliance Lead, Bob Bradley, Accenture’s Compliance as a Service Offering Lead and Lisa Bloomberg, Accenture’s Legal Transformation Lead.

For more information on this event, please contact Annie Schmaeling.

MCLE Credit Pending

CLE Credits Available: Y

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Practice:

  • Structured Finance
  • Banking & Finance
  • Fintech

Howard S. Altarescu Partner Structured Finance, Banking & Finance

New York

Howard Altarescu is a partner in Orrick's Finance group. He co-leads the Firm’s global Fintech team, which is focused on advising a wide array of fintech platforms and other businesses.

Howard has previously served as Orrick's Finance Sector Leader, responsible for implementing the firm's strategy to provide distinctive transactional, litigation and regulatory services to financial institution clients globally, as well as co-head of the firm’s Finance Business Unit. In these roles, Howard has a broad strategic, advisory and business development role at the firm, drawing on many years of experience, both in law firms and as a banker helping clients develop innovative financial solutions to meet their objectives. Howard currently advises bank and non-bank financial institutions in connection with innovative capital markets, debt financing and other transactions, as well as on the implications of financial markets regulation and developments. Most recently, Howard has focused with clients on the LIBOR transition and has authored a number of client alerts on the transition that can be found at orrick.com/LIBOR. In addition, Howard is co-chair of the Finance, Securitization and Safe Contract working group of MOBI (the Mobility Open Blockchain Initiative), which will assess the potential value proposition of blockchain, work on standards, and potentially, help coordinate logistics necessary to carry out a pilot program for use cases in finance and securitization. 

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Practice:

  • Derivatives
  • Structured Finance
  • Energy
  • Infrastructure

Nikiforos Mathews Partner Derivatives, Structured Finance

New York

Mr. Mathews, a partner in Orrick’s New York office, serves as Global Co-Head of the Derivatives group. He is also a member of the Structured Finance, Banking and Finance, and Energy and Infrastructure groups.

His practice focuses on representing financial institutions, governmental and regulated entities, hedge funds and corporate end-users in structuring and negotiating a broad range of fixed income, foreign exchange, commodity, energy and credit derivative products. Among other things, he has successfully negotiated numerous domestic and cross-border hedging transactions relating to leveraged loans and infrastructure transactions. In addition, Mr. Mathews has significant experience in foreign exchange and fixed income prime brokerage issues, as well as various structured products. He also regularly advises clients on derivatives regulation, including rules relating to the central clearing, exchange trading, reporting, recordkeeping and other requirements of the Dodd-Frank legislation, as well as the negotiation of related documentation.

Mr. Mathews is lead editor of Orrick’s publication, Derivatives in Review, which periodically highlights important legal, regulatory and other newsworthy developments in the area of derivatives. He has also published articles in several journals, including on rating agency hedge criteria in connection with structured finance transactions.

Before joining Orrick, Mr. Mathews was vice president and assistant general counsel at Goldman, Sachs & Co. and director and counsel at UBS AG. He also served as a law clerk to the Honorable Nicholas Tsoucalas of the United States Court of International Trade.

From 1999 to 2007, Mr. Mathews held a commission as a Captain in the United States Army Reserve, where he was qualified to practice as a Judge Advocate. A veteran of both Operations Iraqi Freedom and Enduring Freedom, he served as an Operational and Administrative Law attorney in Kuwait, Iraq and Afghanistan.

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Practice:

  • Litigation & IP

Daryl E. Shetterly Director of Orrick Analytics Litigation & IP

Wheeling, W.V. (GOIC)

Daryl Shetterly is a Six Sigma Black Belt, is the Director of Orrick Analytics, and helps manage Orrick's Global Operations and Innovation Center in Wheeling, WV. Daryl’s passion is changing the way Big Law delivers legal services by bringing innovation and business process to the practice of law. The Financial Times recognized Orrick Analytics with awards in 2017, 2018 and 2019 and the Association of Corporate Counsel (ACC) recognized Orrick Analytics with its Value Champion Award for building a smart contracts model with the law department of Applied Materials.

Daryl manages a team of 30+ tech-savvy attorneys, 100+ contract attorneys, analysts that handle project management, perform big data analysis and statistical modeling, and technologists that build bots, scripts and tools that increase quality and reduce human effort. Daryl’s team designs processes, workflows, templates and document automation used by dedicated project managers to deliver project plans and enable data driven budgeting and decision-making. As an early adopter of artificial intelligence and machine learning, Daryl’s team uses technology to augment due diligence and drafting tasks, TAR and continuous active learning for litigation projects, and advanced tools for concept and sentiment analysis.

Daryl’s mission is straightforward: enhance accuracy, speed and security of scalable legal work, generate insights specific to the engagement and reduce client cost.

Daryl helps administer Orrick's Legal Technology Venture Fund

Prior to joining Orrick, Daryl was a Partner at LeClairRyan in Virginia.