Careening Away from LIBOR:
Why, When and How LIBOR Will Be Replaced (OnDemand)
Originally held on Tuesday, March 19, 2019 | 9:00 a.m. - 12:00 p.m.
Program Fee:
OnDemand: $179 for Members | $279 for Nonmembers
Members who are Recent Law Graduates (not yet admitted), Newly Admitted Lawyers, In-House/Corporate Counsel, Judges (and their staff), or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
CLE Credit:
New York: 3.0 Professional Practice
New Jersey: 3.2 General
California: 2.5 General
Pennsylvania: 2.5 General
This program provides transitional/non-transitional credit to all attorneys
Description:
LIBOR has been referred to as the world’s most important number. Short
for London Inter-bank Offered Rate, LIBOR is a benchmark rate that is
calculated from reported interest rates that select banks pay to borrow
from each other on an unsecured basis. LIBOR is embedded as a reference
rate in over $260 trillion of loans and derivatives, including student
loans, variable-rate mortgages, corporate loans, futures contracts and
interest-rate swaps.
After a LIBOR manipulation scandal riled regulators, LIBOR lost its
global prominence and is being phased out. The transition away from
LIBOR as a new, alternative benchmark rate is underway.
This program will provide a basic overview of LIBOR and an update on
important developments as to why, when and how LIBOR will be replaced.
Click Here to View Program Agenda & Faculty
Program Chair:
Gary E. Kalbaugh, Deputy General Counsel and Director, ING Financial Holdings Corp.
Sponsoring Association Committees:
Futures and Derivatives Regulation, Gary E. Kalbaugh, Chair