Discontinuation of LIBOR – are you ready?

In July 2017 it was announced that LIBOR will be phased out by 2021. Because globally securities of more than $350 trillion are based on the LIBOR reference rate, its discontinuation will be a paradigm shift in the financial industry impacting the whole value chain of banks from retail to treasury to trading. Market participants should adapt to those upcoming changes in an early stage to be prepared and benefit from the new market environment.

 

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Do you have any questions? Please get in contact with us:

Christian Schmitt
Advisory Partner
christian.schmitt@ch.pwc.com

Manuel Plattner
Advisory Director
manuel.plattner@ch.pwc.com

Sebastian Gerigk
Senior Manager Advisory
sebastian.gerigk@ch.pwc.com

Published by

Christian Schmitt

Christian Schmitt

Christian Schmitt
PwC
Birchstrasse 160
Postfach, 8050 Zürich
+41 58 792 13 61

Christian Schmitt is the Deputy Leader of the Business Unit Financial Services Consulting. Additionally he leads the Swiss Financial Services Strategy, Operations and Technology Consulting teams, with expertise ranging from strategic impact of regulations to delivery of global large and complex programs.
He graduated at the University of Newcastle & International Business School Bad Homburg in Business Administration and completed the MBA in General Management at the Stockholm School of Economics.
Christian Schmitt is specialized in the Financial Services and in Capital Markets operations and related regulation with 13 years in Financial Services Consulting experience from Strategy to Execution engagements.