The choice of new benchmark interest rate should be of special importance to practitioners as well as academics that study law and economics.  As new alternative rates are being considered in the United States, this half day conference, co-sponsored by the University of Chicago Law School, brought together leading academics, as well as representatives from banks, law firms, swap dealers, regulators and others to share their views on design and implementation of new indexes in loan documents, swap agreements and other financial contracts.  Speakers also discussed the potential outcomes when existing documents do not specify a backup benchmark if Libor ceases to be published.
The conference kicked-off a multi-stakeholder dialogue on the implications of this transition and develop a set of practical lessons that can inform the debate around this important topic. Following each panel session, moderators summarized a set of takeaways for further dialogue.


Video available here: