This spring, Congress passed the LIBOR Act, which was intended to create a clear and uniform process for touch legacy contracts – those lacking workable LIBOR fallback language – to transition to replacement rates. In July, the Federal Reserve released a proposal to implement the LIBOR Act. While business loans typically have some form of fallback language and generally were not in scope of the legislation, the LIBOR Act and the Federal Reserve’s Rulemaking could impact some loan agreements. In this webcast, we will:
- Explain the LIBOR Act and how it could affect loans
- Discuss how the Federal Reserve proposes to implement the LIBOR Act
- Identify ways that loans might be impacted by the Federal Reserve’s proposed Rule
- Flag issues that loan market participants may want to consider as the Federal Reserve finalizes its Rule
EVENT DETAILS
Tuesday, August 23, 2022
4:00PM to 5:15PM | Virtual Webcast
Presentation & Replay | Now Available | Scroll Down to View
1.5 CLE Credits Offered
SPEAKERS
- Meredith Coffey, Executive Vice President – Research Co-Head – Public Policy, LSTA
- Jeffrey Nagle, Partner Cadwalader, Wickersham & Taft – Charlotte
- Lary Stromfeld, Partner, Cadwalader, Wickersham & Taft – New York
- Tess Virmani, AGC & EVP – Public Policy, Head of ESG, LSTA
