Bracing for a Post-LIBOR Reality: Legal & Operational Considerations (Webinar On Demand)

July.01.2020

Orrick and Accenture joined forces to present ‘Bracing for a Post-LIBOR Reality: Legal and Operational Considerations.’ The webinar was recorded on June 24, 2020 and is available for viewing below.

Online Webinar Description: As the December 31, 2021 deadline approaches for the cessation of LIBOR as the predominant benchmark rate in the financial markets, transitioning to risk-free alternatives presents a complex challenge for virtually all market participants, especially financial institutions.

This webinar covers 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 speak alongside 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.

Download presentation slides here

CLE INFORMATION: This course is eligible for New York and California CLE credit. Please complete and retain the applicable form for your records. The New York self-study affirmation must also be emailed to Melissa Woods ([email protected]) and Jane Gracey ([email protected]). The California self-study form does not need to be emailed to Melissa Woods and Jane Gracey.

Orrick, Herrington & Sutcliffe LLP is an accredited MCLE provider in the State of New York. This transitional and non-transitional continuing legal education course has been approved in accordance with the requirements of the Continuing Legal Education Board for a maximum of 1.0 credit hour, of which 1.0 credit hour can be applied toward the areas of professional practice requirement.

Orrick, Herrington & Sutcliffe LLP is an accredited MCLE provider in the State of California. This continuing legal education course has been approved in accordance with the requirements of the State Bar of California for a maximum of 1.0 credit hour, of which 1.0 credit hour can be applied to the general requirement.

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Related Lawyers

Nikiforos Mathews Partner, Derivati, Structured Finance

New York

See my bio

D:+1 212 506 5257
E: [email protected]

Practice:

Finance Sector
Derivati
Structured Finance
Energy
Infrastructure

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Nikiforos Mathews Partner

New York

His practice focuses on representing financial institutions, governmental and regulated entities, hedge funds and corporate end-users in developing, 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 lien-secured hedging transactions relating to leveraged loans and infrastructure transactions, as well as deal-contingent hedges. In addition, Nik has significant experience in foreign exchange and fixed income prime brokerage issues, as well as various structured products. He also regularly advises clients in connection with derivatives regulation, including the application of the Dodd-Frank legislation and related regulations. Also, Nik provides counsel on close-out netting matters and UCC issues relating account control arrangements for collateral. Nik regularly advises on the structuring and negotiation of energy and commodity hedging transactions, as well as swap regulatory matters relating to VPPAs. Moreover, on a regular basis, Nik represents market participants on the termination and close-out of derivatives and other products, including providing advice on related bankruptcy matters.

Nik 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, Nik 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, Nik 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.

Daryl E. Shetterly Managing Director Orrick Analytics

Wheeling, W.V. (GOIC)

See my bio

D:+1 304 231 2844
E: [email protected]

Practice:

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Daryl E. Shetterly Managing Director Orrick Analytics

Wheeling, W.V. (GOIC)

Daryl manages a team of 40+ 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 Innovation Initiative.

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