Applying AI to Streamline the LIBOR Transition

Why Attend?
Learn how Natural Language Processing and Machine Learning technology is being deployed to address LIBOR contract renegotiation challenges and impacted operational and technology requirements.

Gary Mandelblatt, Managing Partner at NextGen Strategic Advisors

The alternative reference rate debate today is centered around the timing of the transition, the specifics of the alternative reference rates, term structures and spreads and the lack of liquidity in new AAR products. However, what is being managed as a regulatory compliance project, is in fact a significant market driven financial risk event that could result in material PnL losses, massive litigation and operational chaos.

The biggest and most expensive challenges of managing this transition includes renegotiating millions of contracts that reference LIBOR, operationalizing the updated renegotiated terms and legacy contract terms and managing the risks of the transition.

Join Gary Mandelblatt of NextGen Strategic advisors as he explores how artificial intelligence can be used to address $350 trillion of financial contracts affected by the global LIBOR transition. He covers:

  • Examine that LIBOR transition as a perfect storm of financial risk events
  • Discuss the profit opportunity in the transition; analyzing contract details and negotiations
  • Introduce a new AI driven LIBOR transition capability tool developed in collaboration with Numerix
  • Key Takeaways



Featured Speakers:

Gary Mandelblatt, Managing Partner at NextGen Strategic AdvisorsGary Mandelblatt, Managing Partner at NextGen Strategic Advisors
Gary is a Managing Partner at NextGen Strategic Advisors with 36 years of experience working with financial institutions in managing market, credit and operational risks, managing regulatory relations, implementing regulatory requirements, defining strategies and building businesses. Gary was the Chief Risk Officer for Nomura Americas and Chairman of Nomura’s Global Dodd-Frank Implementation program. Prior to Nomura, Gary was a Managing Director at the Lehman Brothers Estate where he was responsible for building the valuation capabilities for 1.2 million derivatives contracts, and hedging open risk exposures. Prior to that, Gary was the Global Head of Fixed Income Strategy at Lehman Brothers and helped build the commodities and emerging markets businesses. Before joining Lehman, Gary was Managing Director at Smith Barney, Salomon Smith Barney and Citigroup and was a senior Market Risk Manager for Fixed Income and supported numerous regulatory efforts. Prior to that, Gary was a consultant with Coopers & Lybrand and First Manhattan Consulting Group.

GregMurrayModerator: James Jockle, Chief Marketing Officer, Numerix
Mr. Jockle leads the company's global marketing efforts, spanning a diverse set of solutions and audiences. He oversees integrated marketing communications to customers 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. Prior to joining Numerix, he served as Managing Director of Global Marketing and Communications for Fitch Ratings. During his tenure at Fitch, Mr. Jockle built the firm’s public relations program, oversaw investor relations and led marketing and communications plans for several acquisitions. He also oversaw the brand development of a new company dedicated to the enhancement of credit derivative and structured-credit ratings, products and services. Prior to Fitch, Mr. Jockle was a member of the communications team at Moody's Investors Service.



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on-demand webinar

The End of LIBOR: Implications and Preparing for 2021