LIBOR Transition in Asia, where are we right now?
The COVID-19 pandemic has upended global economy and banks rush to pivot and mobilize resources to address liquidity impact, operations challenges and market risks.
With this, it further complicates LIBOR transition plans. Regulators worldwide have not made any clear statement on deadline changes, and with that banks would still have to be ready for this transition as market participants should not rely on LIBOR being available after 2021.
With only 19 months left until the 2021 deadline, join Finastra, KPMG and industry subject matter experts in this webinar as we discuss and bring awareness to where banks should stand:
- LIBOR transition progress in Asia Pacific, where are we right now?
- How do banks in Asia look to reduce operational, legal and borrower's costs given the uncertainties and complexities of LIBOR transition globally?
- How does the growing COVID-19 uncertainties impact LIBOR transition and implementation plans?
- Implications and importance of having a comprehensive plan as well as system readiness for the transition from LIBOR to Risk Free Rates which require complex calculations
Partner, Risk, Governance & Compliance Advisory Practice
Marie is a Partner in KPMG’s Risk Consulting practice, with over 19 years of Big 4 advisory and audit experience in Financial Services. Originally from the U.S., she began her career in Boston and has been based in Hong Kong since 2004. She focuses on regulatory-driven change from overseas regulations with global impact, as well as HKMA and SFC requirements in Hong Kong. Coverage has included LIBOR Transition, MiFID II, Suitability, Governance/Risk Culture/3LOD, Operational Risk, FATCA/CRS, and Internal Controls/Internal Audit.
Marie attended the Pennsylvania State University and is a US Certified Public Accountant, licensed in Massachusetts.
Senior Manager, Solution Consulting
Arvind Vairavan heads the lending solutions team for APAC and is a subject matter expert on Corporate Banking , Commercial, Syndications, Sovereign Lending and Risk aspects in the banking space. Having experience working in USA, Middle East and Africa as well. Prior to Finastra, he was also working with two leading investment banks. He is an invaluable talent in many aspects of banking and lending. He is very professional, detailed oriented and constantly looking to increase his knowledge being passionate for the solution offerings for Banks.
He holds a Master’s Degree in Business Administration from the Rutgers University USA and double majors in Finance and MIS from SUNY USA. He is also a member of the APLMA.
Chandra Mohan MJ
Senior Solutions Consultant
Chandra Mohan MJ is an Expert Solution Consultant in Finastra for its Fusion Lending Solutions. With over 14 years’ experience in the Banking & Financial Services industry, he specializes in Commercial Lending, Loan Syndications & MDB - Project Finance. He has also been a part of Finastra’s Loan IQ Product Management & Development, enhancing the solution for the evolving Market/Business. Prior to Finastra he held consulting roles at Investment Banks and Professional Services.
He holds a Bachelor’s Degree in Commerce from Sri Sathya Sai Institute of Learning, Puttaparthi, Andhra Pradesh, India.
Associate Director, Platforms and Data, Specialised and Asset Finance, Commodities and Global Markets