LIBOR Transition: The Risk of All Risks

LIBOR Transition: The Risk of All Risks
Benchmark reform may be the biggest delta to impact the financial markets since the 2008 financial crisis.  LIBOR, the most widely used interest rate benchmark, is referenced by more than $200 trillion in financial products across the globe. The PRMIA London Chapter in conjunction with FINCAD will be discussing the impact of how the LIBOR Transition will impact the biggest risk of all, the new RFR curves that will impact models and methodologies used across Trading, Risk, Treasury and Finance.  

The expert panel will lead an interactive discussion on:

1) Current status on the core RFR’s the impact on global financial markets

2) How markets such as derivatives, loans and bonds have to adapt to the transition.

3) The impact of the new RFR methodologies on Trading, CRO and CFO functions.

4) The current challenges and nuances of the LIBOR Transition

October 1, 2019

6:00 - 9:00 p.m. BST

WeWorks Building 
10 York Road
London, SE1 7ND
United Kingdom
(South Bank Exit, Waterloo Station - 1 minute walk, Embankment - 10 minute walk, Charing Cross - 10 minute walk)

  Time   Event  
  Registration and Welcome  
  Speaker Discussions with Moderator Navin Rauniar with Q&A  
  8:00pm-9:00pm    Networking   

     Navin Rauniar, PRMIA London Chapter, Independent Risk Director, Evening Moderator

Navin is an independent risk director with over 16 years’ experience in advising the sell side on front to back risk and regulatory matters. Navin also specializes in the delivery of Risk Methodologies, Models & Governance for Tier One and Tier Two investment banks; whilst spearheading the analysis for IBOR Transition, FRTB, IRRBB, Basel IV, CRR 2 and CRD V offerings. He most recently worked as a Senior Manager at a leading global advisory firm where he led the analysis of the impact of the LIBOR Transition on financial institutions. 

Prior to this, Navin spent 15 years in the industry working in global run-the-bank and change-the-bank roles for Credit Suisse, RBS, Commerzbank and JP Morgan across Front Office, CRO and Operations. Navin is a member of the Professional Risk Managers Association and sits on the London Chapter Steering Committee. Navin supports the CRO community via mentoring of risk professionals and the organisation of risk, regulatory & leadership events.

     Paul Burnett, Global Head of Traded Risk Analytics, HSBC

Paul is the Global Head of Traded Risk Analytics overseeing model development of risk models across Market Risk, Counterparty Credit Risk and Stress Testing. Paul has over 20 years of modelling experience. First, as a physicist modelling the behaviours of very dense, low temperature plasmas; before moving into Finance where he joined a Model Validation team. Paul then spent 7 years in Model Validation before moving into Risk Model Development.

Moorad Choudhry, Non-Executive Director, Recognise Financial Services, LTD.

Professor Moorad Choudhry is an independent non-executive director on the Board of Recognise Financial Services in London.

He was latterly Treasurer, Corporate Banking Division at The Royal Bank of Scotland, Head of Treasury at Europe Arab Bank, Head of Treasury at KBC Financial Products, Vice President in structured finance services at JPMorgan Chase and a gilt-edged market maker at ABN Amro Hoare Govett Ltd. He is a Fellow of the Chartered Institute for Securities & Investment, a Fellow of the London Institute of Banking and Finance, a Fellow of the Global Association of Risk Professionals, a Fellow of the Institute of Directors and a Freeman of The Worshipful Company of International Bankers. He is author of The Principles of Banking (John Wiley & Sons 2012).

Moorad was educated at Claremont Fan Court school in Surrey, University of Westminster and University of Reading. He obtained his MBA from Henley Business School and his PhD from Birkbeck, University of London. 

Please find Moorad's recent publication:  The Moorad Choudhry Anthology- Past, Present and Future, Principles of Banking and Finance discounted book link.  Discount code ANT20.


    Maria Noguerias,  Global Head of Collateral Risk Analytics, HSBC

Maria is the Global Head of Collateral Risk Analytics at HSBC, overseeing the development and regulatory compliance of risk models for Collateral, Margining and CCPs. Maria has been working as a quant for over 10 years, with her last 4 years at HSBC. Prior to this, she received a PhD in Mathematics (Numerical Analysis).

  Jonathan Rosen, Ph.D., Product Manager Quantitative Analytics , FINCAD

Jonathan currently oversees analytics development for FINCAD’s products and solutions. Before joining the product management team in 2016, he worked as a senior quant solving a wide range of problems in the financial tech industry. Jonathan holds a Ph.D. in Physics from the University of British Columbia.


  Thank You To Our Sponsor  



This event is FREE for members and non-members, although registration is required.  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.) Support events like this by becoming a member

10/1/2019 11:00 PM - 10/2/2019 1:30 AM
WeWorks Building 10 York Road London SE1 7ND UNITED KINGDOM

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