LIBOR Benchmark Reform – Prepare for Impact

LIBOR Benchmark Reform – Prepare for Impact
REGISTRATION FILLED TO CAPACITY -- Benchmark reform may be the biggest change management event to hit the financial markets in the last ten years.  LIBOR, the most widely used interest rate benchmark, is referenced by more than $200 trillion in financial products. The PRMIA New York Chapter in conjunction with LIBOR specialists from Goldman Sachs, Venerable Holdings, FHLB, Murex and Accenture will provide insight ranging from expectations to preparations for review to various implementation strategies.


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Agenda Speakers



June 12, 2019


5:30pm - 8:30pm

Accenture Innovation Center
155 Avenue of the Americas
Floor 6
New York, NY 10013

 The expert panel will lead an interactive discussion on:

1) Current regulatory status and expectations
2) How can you prepare your firm as you approach benchmark reform?
3) What are others considering as part of the internal review and what information will you need?
4) What are practical steps that other institutions are taking to prepare for their impact analysis and remediation strategies?

DIRECTIONS TO LOCATION: Accenture Innovation Center

  Time   Event
  5:30pm - 6:00pm
  Registration and Welcome
  6:00pm - 6:40pm   Speaker Introduction and Brief Overview of Current Company Perspectives on LIBOR Replacement
  6:40pm - 7:15pm    Panel Discussion with Moderator 
  7:15pm - 7:30pm    Q&A 
  7:30pm - 8:30pm   Networking Reception

  Charles Schwartz, Venerable Holdings, Inc. and Co-Chair ARRC Outreach and Communications
Chief Risk Officer

Charles Schwartz is Chief Risk Officer of Venerable Holdings, Inc., an insurance holding company that was formed in 2018. Venerable owns and manages the legacy variable annuity business that was acquired from Voya Financial, Inc. by an investor group led by Apollo Global Management, Crestview Partners, and Reverence Capital Partners. Mr. Schwartz has over twenty years’ experience in capital markets and insurance, with prior roles at AXA Equitable, Prudential, and AIG.

He also serves as Co-Chair of the Alternative Reference Rate Committee’s (ARRC) Outreach and Communications Working Group. The ARRC is the industry body convened by the Fed to oversee the transition from US dollar LIBOR to the new, more robust interest rate that it selected as alternative, SOFR. In this capacity and on behalf of the ARRC Mr. Schwartz helps oversee outreach efforts to market participants, to the press, and to the public.


Jason Granet, Goldman Sachs
Managing Director

Jason is responsible for the firm's London Inter-bank Offered Rate (LIBOR) transition efforts. Previously, he was deputy head of Liquidity Solutions for Goldman Sachs Asset Management (GSAM). From 2010 to 2017, Jason was the head of International Liquidity Portfolio Management for GSAM, responsible for the management of international liquidity portfolios. From 2007 to 2010, he was co-head of the Secured Funding team on the Central Funding desk, where he and his team were responsible for all financing transactions and financing counterparty relationships across the Investment Management Division. Prior to that, Jason worked in the portfolio and risk strategy group of GSAM’s Fixed Income team from 2004 to 2007. Before joining GSAM, he was an analyst in Fixed Income Operations. Jason joined Goldman Sachs in 2000 and was named managing director in 2012.  Jason was recognized by Financial News as one of the “FN 40 Under 40 Rising Stars of Asset Management” in 2013 and 2014.  Jason serves on the Board of Trustees of Fairy Bricks.  Jason earned a BA in Economics from the University of Michigan in 2000. 

  Rei Shinozuka, CFA, FRM, FHLB of New York
Benchmark Index Transition Office, ALM| MBS/ABS Strategy, Research and Modeling

Rei Shinozuka is the Head of the Benchmark Index Transition Office at the Federal Home Loan Bank of New York, coordinating institutional transition strategy with executive management and representatives from Capital Markets, Marketing, Legal, Accounting, Operations, Technology, Risk and Audit departments.  Prior to this role, Mr. Shinozuka was an MBS strategist at UBS, winning Institutional Investor awards in 2007 and 2008 for Structured Securities ABS strategy.  Before this, he was Director of Fixed Income Quantitative Research at PaineWebber and UBS, whose department created structuring and analytics technology for the #1-ranked Agency CMO issuer of the early 2000s.  He also developed CMO and Mortgage Analytics at Morgan Stanley. 

Mr. Shinozuka earned his MBA from the Columbia Graduate School of Business, MS in Computer Science from the Columbia School of Engineering and BA from Columbia College.  He is a CFA® charterholder and Financial Risk Manager certified by the Global Association of Risk Professionals.

Venetia Woo
, Accenture
Principal Director, North American Regulatory Strategy Lead, Finance and Risk Practice
Venetia Woo is the North American LIBOR Transition Lead for Accenture’s financial services and corporate clients. In this role, she leads offering development, serves as client subject matter advisor on the transition journey from assessment through execution, and participates in global initiatives such as ARRC’s Outreach and Communication Working group. She is also the Regulatory Strategy and Global Structural Reform lead and leads efforts to advise large institutions and fintechs in regulatory legal entity structures and applications, new regulations, and remediation matters. She has extensive experience in leading restructuring, M&A and JV formation activities for financial institutions.  

Imane Cherradi, 
Head of Front Office, Americas  

Imane heads the trading practice in the Americas with a team of over 50 business analysts. She is in charge of developing business, implementing and supporting the Murex trading solution for buy- and sell-side institutions. She also drives the functional evolution of the cross-asset trading platform for the Americas and provides market and product expertise to Murex clients across North America and Latin America.
Imane has 15 years of experience in capital markets. Previously, she held multiple positions in Murex, including CEO of Murex’s Andean office and Head of Market Risk in the client service division, and she developed the central clearing practice as the Dodd Frank SME in New York in 2009.

Imane has a master’s degree in applied mathematics and computer science from École Nationale Supérieure d’Informatique et de Mathématiques Appliquées, France. 

Soner Tunay
, Accenture, Moderator
Principal Director, Quantitative Analytics Lead

Soner is a Principal Director and Head of Quantitative Analytics in the Finance & Risk practice. Soner has held executive level roles leading model development and validation functions in various US banks, FBOs and G-SIBs. Soner chairs industry conferences and teaches masterclasses to industry participants and is regarded as an industry thought leader in the areas of Risk Rating analytics, CCAR and CECL models. Soner received his Ph.D. in Economics from Boston College.

Thank You To Our Sponsors

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This event is complimentary thanks to the support of our sponsors Murex and Accenture. Click "Register Myself" below to reserve your spot. Make sure to click "Continue" to proceed with your registration. (If this is your first time accessing the PRMIA website you will need to create a short user profile to register.) Join PRMIA by becoming a member

6/12/2019 5:30 PM - 8:30 PM
Accenture Innovation Center 155 Avenue of the Americas Floor 6 New York, NY 10013 UNITED STATES
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