LIBOR, reference rate reform for US companies

Risk Free Rate transition

Regulators and industry bodies have proposed and agreed on new interest rate benchmarks to replace LIBOR rates that are anticipated to no longer be published or supported past the end of 2021. These new Risk Free Rates will be broad reaching across all industries that use or invest in interest rate linked products, and affect a comprehensive set of financial instruments including fixed income securities, loans and derivatives.

The transition to these new rates will require significant efforts by institutions to address the impacts on business activities, client interactions, control processes, systems, risk management and financial performance. Organisations must begin now to prepare for and manage the transition.

Podcasts

Listen to our podcast to find out how the LIBOR phase out could affect your company, the key accounting and reporting considerations, and recommendations for preparing for the transition.

Webcasts

LIBOR's end: How insurance companies can prepare for new reference rates

Watch the webcast replay

LIBOR’s End: An opportunity for asset management emerges.

Watch the webcast replay

LIBOR No More! Are you ready?

Watch the webcast replay

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How PwC can help with LIBOR

PwC’s established global network of specialists deeply understands key LIBOR-impacted businesses such as:
  • Capital markets
  • Investment management
  • Market infrastructure
  • Commercial lending
  • Insurance
  • Corporate treasury
  • Retail banking and wealth management
 
 
We work with you to provide support across the entire lifecycle of the transition, beginning with mobilization and governance, impact assessment, definition of remediation work streams, contract management and remediation, client outreach, systems & process changes, risk and valuation model changes, and managing related tax and accounting implications.

Contact us

Adam Gilbert

Partner, PwC US

Tel: +1 (646) 471 5086

Frank Serravalli

Partner, Financial Markets, PwC US

Tel: +1 (646) 742 7510

Justin Keane

Principal, Financial Markets, PwC US

Jessica Pufahl

Financial Markets, Partner, PwC US

Tel: +1 (646) 471 8656

Christopher Pullano

US Advisory Principal, Banking and Capital Markets, PwC US

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