Accenture and FTI Consulting Among Key Players Implementing Strategies to Prepare for 2023 LIBOR Transition

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With the transition from the London Interbank Offered Rate (LIBOR) to alternative reference rates looming in 2023, a few key players have been coming together to prepare for the major shift. Accenture and FTI ($NYSE:FCN) Consulting are two such companies that have put significant effort into developing strategies and service offerings for the LIBOR transition. FTI Consulting is a global business advisory firm that provides services in analytics, economics, digital, forensic and litigation, strategic communications and restructuring. The company has been involved with a number of high-profile cases, and their services are often sought after by legal teams and government officials. They have both implemented a number of development strategies to ensure that their clients have access to the best solutions, services, and advice to make the transition as smooth as possible.

This includes working with regulators to ensure that their clients are compliant with all necessary regulations. They have also provided services such as financial modeling, data analysis, and IT infrastructure development to help clients understand the implications of the transition and how to best prepare for it. Their strategies and service offerings will be hugely beneficial for clients as they move towards 2023 and the looming transition date.

Market Price

Their stock opened at 186.4 and closed at 186.0, representing a 0.5% decline from their previous closing price of 186.9. The transition away from LIBOR is an urgent endeavor, as the globally accepted benchmark rate is set to be phased out of use in just a few years. FTI Consulting has been engaged in helping financial institutions and corporations to understand, model, and navigate the shift away from LIBOR. Their services include creating tailored strategies to help organizations address the impact of LIBOR-based financial contracts, as well as providing deep expertise to support the development of transition plans. Together, the two firms are helping to ensure that the industry is prepared for the transition by 2023. Live Quote…

About the Company

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Analysis

At GoodWhale, we have performed an analysis of FTI CONSULTING‘s wellbeing and have given it a medium risk rating. This rating takes into account both the financial and business aspects of the company. Our analysis has also detected 1 risk warnings in the company’s balance sheet, which can be made available to you if you register with us. We strongly encourage you to register and check out our assessment so that you can make a well-informed decision. More…

Peers

Its competitors include Booz Allen Hamilton Holding Corp, Circulation Co Ltd, Aimrite Holdings Corp.

– Booz Allen Hamilton Holding Corp ($NYSE:BAH)

Since going public in 2010, Booz Allen Hamilton Holding Corporation has been a leading provider of management and technology consulting services to the US government. The company has a market capitalization of $13.17 billion and a return on equity of 43.17%. Booz Allen Hamilton Holding Corporation provides consulting services in the areas of strategy, operations, organizational design, human capital, and change management. The company also offers a range of technical services, including engineering, analytics, digital, and cyber solutions.

– Circulation Co Ltd ($TSE:7379)

As of 2022, the market cap for Circulation Co Ltd is 13.97 billion. The company’s return on equity is 16.6%. The company provides a variety of services related to circulation, including print and digital circulation, marketing, and distribution.

Summary

FTI Consulting specializes in providing customized investment analysis services to clients in a variety of industries. They offer comprehensive portfolio review and analysis, due diligence, and strategic advice, and work with clients to understand their objectives and develop customized solutions. Their services include financial forecasting, asset allocation, risk management, market research, and financial modeling. The firm also offers assistance in developing and executing corporate strategies and provides mergers and acquisitions support.

They help their clients to identify opportunities, manage risk, and maximize returns. Through its global network, FTI Consulting can provide the expertise required to make informed decisions on investments.