Preparing for a World Without LIBOR: Where Are We Now?
There’s been a lot of discussion in the capital markets world about the anticipated end of LIBOR and the ensuing far-reaching implications. On Wed, November 28th at 10 AM EST Liang Wu, Vice President of Financial Engineering and Head of CrossAsset Product Management at Numerix, discussed everything we know to-date about the LIBOR transition and the preparations derivatives market participants should consider to ensure a smooth transition between now and 2021.
With a different pace being taken globally, Mr. Wu provided the latest updates on the new alternative benchmarks, the transition plan for each and the implications for market participants.
Mr. Wu's webinar presentation covers:
- LIBOR’s current status
- The future – a world without LIBOR
- Alternative reference rates
- Transition – impacts and issues
- New contracts coverage
- Impacts on legacy contracts
- Fallback rate and mechanism
- Illustration with SOFR & SONIA
- Two centers of interest rates
- Preparing for the transition
- Key takeaways
Featured Speakers
Liang Wu
Liang Wu is an Executive Director of Financial Engineering and heads up CrossAsset Product Management at Numerix. Wu has previously served as VP of Financial Engineering in the Client Solution Group at Numerix. Before joining Numerix in 2015, he worked at CME Group and HSBC in Pricing and Valuation, and Model Review roles. He holds an MSc degree in Financial Engineering from Columbia University, an MSc degree in Space Physics from Rice University and a BSc degree in Geophysics from University of Science and Technology of China.
As Chief Marketing Officer and Executive Vice President of Global Marketing & Corporate Communications, James leads the company’s global marketing and corporate communications efforts, spanning a diverse set of solutions and audiences. He oversees integrated marketing communications to clients in the largest global financial markets and to the Numerix partner network through the company's branding, electronic marketing, research, events, public relations, advertising and relationship marketing.
Since joining Numerix in 2008, James has launched the organization’s award-winning thought leadership program, bringing to light challenges and insights from Numerix market experts. He also hosts the Numerix Video Blog, tackling the challenges pressing the derivatives markets—from regulatory issues to trading strategies.
Prior to joining Numerix, James served as Managing Director of Global Marketing and Communications for Fitch Ratings. During his tenure at Fitch, he built the firm’s public relations program, oversaw investor relations and led marketing and communications plans for several acquisitions. Prior to Fitch, James was a member of the communications team at Moody's Investors Service.
