04/30/20
LIBOR is going away. Now what? To help you plan, listen to PwC talk about the FASB’s guidance on reference rate reform.
By 2022, LIBOR will be discontinued, which could mean big changes for companies. To help manage the transition, Heather Horn is joined by PwC partners Brian Staniszewski and Nick Milone to discuss the key accounting and financial reporting considerations when LIBOR is phased out.
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Nick Milone is a partner in PwC’s Financial Markets practice where he advises companies on current accounting issues, and the application of accounting standards. Prior to this role, Nick was a Practice Fellow at the FASB, where he was a member of the Financial Instruments Team. As part of that team, Nick worked on the hedge accounting and recognition and measurement projects.
Brian Staniszewski is a partner in PwC’s National Office. Brian helps engagement teams and clients principally in the financial services industry navigate a broad range of technical topics, including hedging, derivatives, and credit losses.
Heather Horn is PwC's National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
Don’t miss our updated guide on accounting for reference rate reform. This guide was updated in January 2021.
US organizations must begin now to prepare for and manage the transition from LIBOR to alternative reference rates.
Organizations must begin now to prepare for and manage the transition from LIBOR to alternative reference rates by the end of 2021.
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