OFFICIAL PUBLICATION OF THE ARIZONA BANKERS ASSOCIATION

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Pub. 10 2020 Issue 4

Tactics For Navigating Tectonic Shifts In Liquidity

By Scott Hildenbrand, Piper Sandler
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bsa-aml-compliance

BSA/AML Compliance Strategies In A COVID-19 Environment

By Elizabeth K. Madlem, Compliance Alliance
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under-the-copper-dome

Under The Copper Dome: 2020 Election Recap And 2021 Session Preview

By John Fetherston, Veridus
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giving-feedback

Giving Feedback Doesn’t Need To Be Stressful For A Manager

By Bob Greening, Vice President, USource
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2021-An-Odyssey-Away-from-LIBOR

2021: An Odyssey Away From LIBOR

By Tim Dominguez, Associate General Counsel, Compliance Alliance
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By the end of 2021, banks should be fully prepared for LIBOR’s discontinuation. At this point, all new businesses should involve alternative rates or at the very least be capable of switching in a short amount of time. In cases where it was impossible to amend legacy contracts linked to LIBOR, the implications of the benchmark rate no longer being published should have already been discussed, with necessary steps being taken to prepare for this kind of outcome. By Dec. 31, 2021, the goal is for all market participants, financial and non-financial firms alike, to operate without relying on LIBOR. To meet this, the importance of a market-led transition will remain significant throughout this year. At the outset of LIBOR in 1986, no one could have predicted that over 30 years later, the rate would be discontinued and that a global pandemic would impact the transition. Just as 2020 was a significant year for the transition away from LIBOR, 2021 is equally, if not even more critical. If banks have not taken the necessary steps to address their potential LIBOR exposure for new and existing products, they must immediately put plans in place. The 1980s were indeed a different time compared to today. Just like computers with little storage space and phones as heavy as a sledgehammer, LIBOR is about to be an element left behind in the past. As we have adapted to technology changes, banks must also adapt to this change by properly preparing themselves and their customers.

What International Business Customers Want From Their Community Bank

By Jay Kenney, PCBB
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optimizing-digital-lending

Optimizing Digital Lending

By The Arizona Bankers Association
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Banking-2020-Expect-the-Unexpected

Chairman’s View: Banking 2020: Expect The Unexpected

By Jim Edwards
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president's-message

President’s Message: Arizona Bankers Association’s Paul Hickman Dishes On How The Sector Fared In 2020

Paul Hickman, President and CEO, Arizona Bankers Association

The coronavirus pandemic has had ripple effects across all sectors in 2020, and the banking and financial services business has had its share of bumps and bruises…

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Inside you will find additional information such as upcoming webinars, conferences, previous events, anniversaries, and more. Take a look through the flip book to see all the extras. You can also download a PDF and save it to read later.

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Pub. 10 2020 Issue 4
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