Libor Transition: Enabling Stability Through Financial Change
Caspian One empowers financial institutions to seamlessly navigate regulatory shifts, ensuring compliance, mitigating risk, and maintaining operational resilience in an evolving financial landscape. Continue reading ↓
Did You Know?
When the global financial industry moved away from Libor, financial institutions faced one of the most complex regulatory transitions in recent history. The stakes were high - without a structured, expert-led approach, firms risked compliance failures, operational disruption, and reputational damage.
This story showcases Caspian One’s expertise in managing large-scale financial transitions with precision and strategic oversight. By leading a multi-year Libor transition program for a major Canadian financial institution, Caspian One demonstrated its ability to navigate regulatory changes, mitigate risks, and drive operational readiness across multiple regions.
Through expert program management, system enhancements, and documentation remediation, the initiative ensured a seamless shift to new interest rate structures, reinforcing Caspian One’s capability in delivering complex financial and infrastructure transformations.
The Challenge
A leading Canadian financial institution was under pressure to transition away from Libor before the regulatory deadline. This wasn’t just a technical shift - it required a fundamental overhaul of financial processes, systems, and legal documentation. Over 50,000 systems needed updates, contracts had to be reviewed and remediated, and regulatory compliance had to be achieved across multiple regions. The transition involved more than 200 senior stakeholders, spanning departments from risk and finance to IT and legal, each with their own critical dependencies.
Beyond the scale and complexity, the institution faced an additional challenge: time. Regulatory deadlines were fast approaching, and failure to execute the transition smoothly could have led to significant financial risk and market instability. The bank needed a structured, expert-led approach that would ensure both technical and operational readiness.
Our Approach
To navigate this challenge, Caspian One deployed a Global Libor Transition Program Manager to lead a multi-year transition strategy. The program was built around six key workstreams - strategic planning, system updates, contract remediation, risk management, operational readiness, and finance & treasury integration - each designed to ensure compliance while minimising disruption.
The team developed a comprehensive execution roadmap, working closely with key stakeholders to align priorities and mitigate risks. Over 50,000 systems were updated and digitised to align with the new regulatory framework, while documentation was systematically reviewed and remediated. Daily oversight and clear communication channels ensured that every aspect of the transition remained on track, balancing the demands of compliance with the institution’s broader operational goals.
The Outcome
The transition was completed ahead of regulatory deadlines, ensuring full compliance with zero disruption to financial operations. Beyond simply meeting requirements, the institution emerged stronger - more operationally resilient, with modernised infrastructure and streamlined processes that positioned them for future regulatory changes. By working with Caspian One, they didn’t just adapt to change - they used it as an opportunity to enhance efficiency and risk management across the organisation.
What This Meant for the Client:
This wasn’t just about delivering a program; it was about ensuring financial and operational stability in a rapidly changing regulatory environment.
The institution not only avoided compliance risks but also strengthened its long-term resilience, demonstrating to regulators, stakeholders, and clients that it was prepared for the future.
Key Details & Expertise
Keywords: Libor Transition, Benchmark Reform, Risk Management, Compliance, Documentation Remediation, System Enhancements, Strategic Planning
Primary Areas of Expertise: Change Management, Infrastructure
Secondary Areas: Risk Management, Programme Management, Project Management
Resource Roles: Program Manager, Project Manager, Business Analyst
Looking for Similar Expertise?
If your organisation is facing a major financial transition, Caspian One brings the expertise, leadership, and strategic approach needed to navigate complexity with confidence. Let’s discuss how we can support your next challenge.
