Following the publication of our first IBOR Reform whitepaper, Solum has remained active in the field and maintained a regularly updated portal, providing access to the recent publications and updates from global regulators relating to the transition away from the industry reliance on IBOR. We have also been heavily involved at numerous conferences and discussed the topic on a number of panels at industry events.

The IBOR reform is in full swing and market participants have worked to gain a clear view of current exposures to the IBORs. However, only knowing where the current exposure is, is not enough. It is important to analyze and compare the impact of a range of possible scenarios that may occur as the industry moves closer to 2022.

One major concern we have heard from both the buy-side and sell-side is how to address the emphasis of “fairness” the regulators have put on the transition. At Solum, we have worked on over 70 legal cases in the past 10 years, a number of which relating to miss-selling, valuation disputes, rating disputes, and related topics. This experience, alongside our in-depth expertise gained from working in investment banks, perfectly positions us to independently quantify the impact of the transition in order to ensure that neither party is better or worse as a result of the transition. Solum is perfectly positioned to assist with this and provide an independent assessment of these questions using our in-house technology and in-depth expertise of previous regulatory change projects.

Providing independent advice is our specialty. Using our in-house technology and expertise our services include:

  • independent valuation of portfolios or individual trades
  • an independent assessment of any PV transfer resulting in the change of floating rate
  • independent calculation of a spread to be applied to trades based upon ISDA standards
  • an independent assessment of any change in risk.

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