Event

Last Call on LIBOR: Final Steps to Transition

July 11, 2022

This conference focuses on the industry’s transition away from LIBOR, covering progress made, lessons learned, and priorities for the final year until the end of the U.S. dollar LIBOR panel in mid-2023. It will be co-hosted by President John Williams of the Federal Reserve Bank of New York and Chief Executive Nikhil Rathi of the UK Financial Conduct Authority, who together serve as Co-Chairs to the Financial Stability Board’s Official Sector Steering Group.

Event Details

Date & Time
July 11, 2022
Conference: 2:00pm - 5:00pm EDT
Reception: 5:00pm - 6:00pm EDT

Location
Federal Reserve Bank of New York
Auditorium
33 Liberty Street
New York, NY

Audience

The conference portion of this event is open to the public and the media. The conference will be available to those who register for attending both in-person or via livestream, and it will be on the record with a recording posted afterwards.

For media inquiries, please contact Betsy Bourassa at betsy.bourassa@ny.frb.org.

The reception portion of this event will be closed to media, in-person only, and off the record.

REGISTER

Agenda
Agenda
1:30pm-2:00pm Registration

2:00pm-2:05pm Welcome

2:05pm-2:30pm Moderated Discussion with President Williams and Chief Executive Rathi

Moderator: Colby Smith, U.S. Economics Editor at the Financial Times

  • John C. Williams, President and Chief Executive Officer of the Federal Reserve Bank of New York and Co-Chair of the Financial Stability Board’s Official Sector Steering Group
  • Nikhil Rathi, Chief Executive at Financial Conduct Authority and Co-Chair of the Financial Stability Board’s Official Sector Steering Group
2:30pm-3:00pm Panel: Progress to Date

Moderator: Dan Harty, Director, Office of Capital Markets at the U.S. Department of the Treasury

Panelists to include:

  • Sean Tully, Senior Managing Director, Global Head of Rates & OTC Products (CME Group)
  • Chris McAlister, Managing Director, Global Head of Derivatives Trading (Prudential)
  • Jack Hattem, Managing Director, Deputy CIO (BlackRock)
  • Tal Reback, Director (KKR)
  • Alexis Pederson, Senior Lead Counsel (Wells Fargo)
3:00pm-3:30pm Break
3:30pm-4:00pm Panel: Preparing for Cessation Part I: Contract Assessment & Remediation

Moderator: Nate Wuerffel, Senior Vice President in the Markets Group of the Federal Reserve Bank of New York

Panelists to include:

  • Maria Douvas-Orme, Managing Director, Global Co-Head of Legal Coverage for Fixed Income Division (Morgan Stanley)
  • Emilio Jimenez, Managing Director (JP Morgan)
  • Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision (FCA)
  • Paul Richards, Managing Director, Head of Market Practice and Regulatory Policy (ICMA)
  • Michael Gibson, Director, Division of Banking Supervision and Regulation (FRB)
4:00pm-4:30pm Panel: Preparing for Cessation Part II: Client Communications Panel Discussion

Moderator: David Bowman, Senior Advisor at the Board of Governors of the Federal Reserve System

Panelists to include:

  • Oliver Bader, Managing Director, Executive LIBOR Program Director (BNY Mellon)
  • Scott Longo, Managing Director (State Street)
  • Phil Whitehurst, Head of Service Development, Rates (LCH)
  • Ann Marie Bria, Executive Director (DTCC)
  • Anthony Higgins, Senior Associate General Counsel (Freddie Mac)
4:30pm-5:00pm Closing Reflections on the Journey to Transition: A Discussion with Tom Wipf and Sandie O’Connor

  • Tom Wipf, Vice Chairman of Institutional Securities at Morgan Stanley and Chair of the Alternative Reference Rates Committee
  • Sandie O’Connor, Board Member of BNY Mellon, Terex, and Ripple Labs and former Chair of the Alternative Reference Rates Committee
5:00pm-6:00pm Reception (closed to press and off the record)
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