Advancements in LIBOR Transition — Where Are We Now?

Originally held on Thursday, March 11, 2021 | 9:00 am – 1:00 pm

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Program Co-Chairs:

Ilene K. Froom
Reed Smith LLP

Laurie Pederson
Wagner Pederson LLP

  • Panels of market experts will provide important updates regarding LIBOR transition, including the movement from U.S. Dollar LIBOR to the Secured Overnight Financing Rate (SOFR), and the incorporation of risk free rates (RFRs) and fallback provisions in documentation, including for derivatives and loans. Learn how overnight RFRs can be used to replace term IBOR rates and related concepts such as compounding, daily simple averages, indices, lags, and observation shifts. In addition, the panelists will discuss the progress of LIBOR remediation, aspects of the Bloomberg Rule Books, proposed LIBOR discontinuation legislation, regulatory relief regarding IBOR transition and the ICE consultation on ceasing LIBOR. Attendees will gain an in-depth understanding of the current state of LIBOR transition.

    Who Should Attend: Attorneys practicing in the area of derivatives, banking, lending, financial markets, financial regulation, and other areas affected by LIBOR transition.

    Program Fee:
    $229 for Members | $329 for Nonmembers

    Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

  • Moderators:

    Gary Kalbaugh
    Deputy General Counsel and Director
    ING Financial Holdings Corp.

    Alex Van Vorhees
    Assistant General Counsel
    Bank of America

    Faculty:

    Anne Battle
    Assistant General Counsel and Head of Benchmark Reform
    International Swaps and Derivatives Association, Inc. (ISDA)

    David Bowman
    Senior Associate Director
    Board of Governors of the Federal Reserve System

    Agha Mirza
    Managing Director and Global Head of Interest Rate and OTC Products
    CME Group

    Jonathan Seymour
    Data Strategy
    Bloomberg LP

    Lary Stromfeld
    Cadwalder, Wickersham & Taft LLP

    Tess C. Virmani
    Associate General Counsel and Executive Vice President, Public Policy
    Loan Syndications and Trading Association (LSTA)

    Tom Wipf
    Chairman of the ARRC
    Vice Chairman of Institutional Securities
    Morgan Stanley

  • 9:00am-9:05am
    Introduction and Welcome Remarks
    Gary Kalbaugh

    9:05am-10:00am
    Virtual Fireside Chat with David Bowman on SOFR and Its Status as a LIBOR Replacement in Market Products
    David Bowman, Ilene Froom

    10:00am-10:10am
    Break

    10:10am-11:20am
    Panel Discussion on the Incorporation of Alternative Reference Rates and Fallbacks in Documentation for Derivatives and Loans and the Bloomberg Rule Book
    Moderator: Alex Van Vorhees
    Speakers: Anne Battle, Jonathan Seymour, Tess C. Virmani

    11:20am-11:35am
    Break

    11:35am-12:45pm
    Panel Discussion on SOFR Transition in the Market, Including Clearing Houses and the Status of Proposed LIBOR Replacement Legislation
    Moderator: Gary Kalbaugh,
    Speakers: Agha Mirza, Lary Stromfeld, Tom Wipf

    12:45pm-1:00pm
    Q&A
    Panel

  • New York: 4.0 Professional Practice
    New Jersey: 4.0 General
    California: 3.5 General
    Pennsylvania: 3.5 General
    Connecticut: Available to Licensed Attorneys


  • Sponsoring Association Committee:
    Futures & Derivatives Regulation, Gary Edward Kalbaugh, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org

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