LIBOR Transition: Takeaways from the Benchmark Rates Series – Benchmark Rates Forum New York


Presenters at the Benchmark Rates Forum from Orrick, KPMG, Bank of America Merrill Lynch, NatWest Markets, Wells Fargo, JP Morgan, TD Securities, RBS, Santander, Société Générale, UBS, the Federal Home Loan Bank of New York, the LSTA and Pendo Systems addressed a wide variety of market, legal and other LIBOR transition issues (some also discussed at the recent ARRC Roundtable – see Orrick Client Alert on Takeaways from the Roundtable). Uncertain timing of the transition, the remaining uncertainty as to the alternative benchmark to be chosen by the market and the continued lack of preparedness of large parts of the market were recurring themes in many of the presentations. Full Article.