LIBOR Transition Services

Transition With Confidence

Financial institutions are dedicating significant focus to their LIBOR transition programs, as business leaders balance moving organizations forward and mitigating risk amidst this complex and evolving transition. This significant effort is required as LIBOR-based products may exist in multiple customer classes, across many complex systems and require amendments to many contracts, legal documents, reporting, and associated processes and tools.

CrossCountry’s specialized LIBOR transition team assists clients as they face these challenges, from subject matter guidance on developing and assessing their LIBOR programs, through supporting implementation efforts including project management, change management, and remediations.

Functional Focus Areas

Specific services can be tailored for each area of your business.

Overall Program

Accounting

Risk Management

Internal Audit

Legal

Technology

Our Services

We work with project stakeholders to understand the impact of this transition on people, processes, and technologies and support the implementation of an optimal transition plan away from LIBOR.

Roadmap
Development

Develop an implementation roadmap that covers program set-up, governance, and each step of the transition

Strategic Program
Assessment

Assess existing LIBOR program against regulations and best practices. Provide improvement recommendations

Project & Change
Management

Develop, lead, and support all elements of LIBOR transition project management and change management

Technology
Implementation

Support system upgrades or new implementations to handle transition to SOFR, including testing and automation

Project/Remediation
Execution

Supply assistance to implementation efforts in all areas requiring change (e.g., contract review/ modifications)

Operational
Support

Provide experienced resources to provide guidance or technical training (e.g., Accounting Policy & Internal Audit)

Meet Our LIBOR Transition Leadership Team

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BRUCE KLEIN

Partner Lead

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ALAN FAGAN

Director

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KEITH ST. GERMAIN

Director

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