Benchmark Transition: Legacy Contracts and Legal Risks

FMLC CEO Joanna Perkins gave a speech at Infoline’s Risk Free Rate conference on navigating the transition to a Risk Free Rate. She provided an overview of the Financial Stability Board’s review of interest rate benchmarks and the development of new RFRs in various jurisdictions, the FCA’s announcement that it would cease to support LIBOR after 2021 and the legal risks associated with a transition from LIBOR to an RFR. She concluded by identifying solutions to smooth the transition of the bulk of legacy contracts.

Her slides and speaking notes are available below.