Related Professionals
Patrick Guida was part of a three-person speaking panel for the American Law Institute (ALI-CLE) webcast “Life After LIBOR: What to Expect and How to Prepare” on Feb. 27, 2020. Patrick focused on a number of issues vital to the LIBOR transition including:
1. The history of how LIBOR came into disfavor, how that impacts the financial markets and the transition from LIBOR now being prescribed by the Official Sector, including the United States Federal Reserve Bank
2. The various alternative benchmark reforms currently favored by the various central banks around the globe
3. Coordination of the transition to: A) the new benchmark reforms and “Fallback” language recommended by the Alternative Reference Rates Committee (ARRC) for conventional loans, both syndicated and bi-lateral, including the new Secured Overnight Financing Rate (SOFR) language; with B) the new reforms and “Fallback” language recommended by the International Swaps and Derivatives Association (ISDA) for interest rate swaps and other derivative transactions documented by the ISDA Master Agreement
