Recent regulatory developments have the potential to impact LIBOR transition plans. In addition to navigating these changes, some business leaders are thinking about what comes next - not just for alternative interest rates, but also for future opportunities regarding the processes and technology implemented during the challenging LIBOR transition. Rather than simply being a cost, the innovation required for LIBOR transition could help digitally transform and create greater efficiency in many parts of an organization.
The roundtable included LIBOR-transition leaders from PWC, one of the Big Four accounting firms, Baker McKenzie, one of the five largest law firms in the world, and Fifth Third Bank, a top 20 US bank (by assets under management).
The panel shared insights into:
1) Recent developments with the timeline for LIBOR transition and the impact
2) Lessons learned from the LIBOR transition and how technology has improved
3) Beyond LIBOR: leveraging technology and processes developed for the LIBOR transition to create efficiencies in other areas of the organization