Legaltech News, an American Lawyer Media publication, quoted Chicago partner Clayton Stallbaumer in a June 1, 2020, story about financial institutions leveraging legal and technology expertise to prepare for the coming replacement of the London Interbank Offered Rate (LIBOR) in 2022.
The LIBOR rate is found in hundreds of thousands of financial contracts worth…
On January 31, 2020, the ARRC released a vendor survey and a buy-side checklist. Both documents were developed by the ARRC’s Operations/Infrastructure Working Group and, according to the ARRC, are intended to support market participants’ work to address operational challenges in the transition from USD LIBOR to SOFR. The survey serves as a self-assessment tool…
