36th IBA International Financial Law Conference
15 May - 17 May 2019
Session information
LIBOR: A US$370 trillion challenge – the clock is ticking
Friday 17 May (1115 - 1230)
Committee(s)
Banking & Financial Law Committee
(Lead)
Financial Services Section
(Lead)
Legal Practice Division
(Lead)
Securities Law Committee
(Lead)
Description
Almost two years have passed since the United Kingdom’s Financial Conduct Authority announced that it would not support the production of the London Inter-bank Offered Rate (LIBOR) beyond 2021. Similar steps are being taken in relation to the Euro Interbank Offered Rate (EURIBOR). Some segments of the financial markets are successfully transitioning to the new world of ‘risk-free rates’, but solutions for certain products, such as corporate loans and bonds, remain work in progress and inhibit the market’s ability to move forward. This panel will discuss the status of the LIBOR/EURIBOR transition project, the key obstacles to be overcome and how the various working groups’ approach to transition is influencing the reform of other major benchmarks around the world.
Session / Workshop Chair(s)
| Tibor Fabian | |
| Kathrine Meloni | Slaughter and May, London, England |
Speakers
| Ian Chin | Cleary Gottlieb Steen & Hamilton, London, England |
| Daniel Karlsson | Mannheimer Swartling, Stockholm, Sweden |
| Ciarán McGonagle | International Swaps and Derivatives Association, London, England |