Banking Crisis
Life After LIBOR: What Benchmark Changes Mean For Wealth Managers

Challenges
This is undoubtedly a challenging compliance initiative that
needs clear internal project sponsorship and accountability to
succeed. Whilst many firms will seek only to comply with the
regulatory requirements, more sophisticated organisations are
looking to use LIBOR transition to transform their product set as
well how they manage their client relationships.
Our experience suggests that advanced firms are ensuring that business management (i.e. the front office) takes ownership and accountability for driving change, whilst others will treat this as another regulatory project to be managed by technology, operations, legal and compliance.
There is time to act, but you need to start now. In our next point of view, we will discuss how to set up your LIBOR programmes to achieve your business as well as regulatory compliance objectives.
Tej Dosanjh is managing partner, UK, for Evolution Partners and can be contacted at tej.dosanjh@evolutionpartners.global and +44 7590 555337