Occasional Interview Series: LIBOR Transition with Kevin Liddy
LIBOR Transition discussion:
This very hot topic for just about everyone in banking has been the subject of countless seminars, conferences and papers, so the BTRM is happy to bring you this video interview on the practical impact of LIBOR reform for Treasury and ALM managers at commercial banks. We were talking to Kevin Liddy, an Advisor at Solum Financial, and we kept it short and sweet but managed to cover the FTP / TLP curve, multi-currency balance sheets, immunising the banking book back to RFR overnight, the prospect of a term SONIA (and perhaps a term SOFR?) and the importance of understanding how, without a credit premium built into it, the RFR will move vis a vis a bank’s funding costs during a stress event. Enjoy!
Kevin Liddy is a consultant with Solum Financial and has 30 years of experience in investment bank trading and risk management. Prior to joining Solum Financial he held trading positions at Chase Manhattan, Bear Stearns, Nat West and Royal Bank of Scotland. At Royal Bank of Scotland he was Global Co-Head of Counterparty Exposure Management responsible for the pricing, management and trading of all counterparty risk activities; in addition Kevin was Deputy Head of Delta Trading and Global Head of STIRT, responsible for all Delta trading products. Kevin holds a BSc. Hons in Applied Science from Kingston University.