Reference Rate Reform: Impact on the Economy and Consumers
When
Where
Bipartisan Policy Center1225 Eye St NW, Suite 1000
Washington, DC 20005
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The London Interbank Offered Rate (LIBOR) underpins trillions of dollars in mortgages, bonds, loans, and financial instruments that directly impact Main Street and other critical parts of the American economy. But LIBOR’s viability has been in doubt ever since the financial crisis, in large part due to its susceptibility to manipulation. A public-private sector working group has launched the Secured Overnight Financing Rate (SOFR) to serve as a more robust and reliable alternative to LIBOR.
The Bipartisan Policy Center and the International Swaps and Derivatives Association took a look at the transition from LIBOR to SOFR and discussed what it means for companies and consumers. The event featured a keynote conversation with Securities and Exchange Commission Chairman Jay Clayton about reference rates and other issues.
Featuring:
Jay Clayton
Chairman, U.S. Securities and Exchange Commission
Rostin Behnam
Commissioner, U.S. Commodity Futures Trading Commission
Panel discussions with:
David Bowman
Senior Advisor to the Board, Board of Governors of the Federal Reserve System
Sairah Burki
Senior Director, Policy, The Structured Finance Industry Group, Inc.
Meredith Coffey
Executive Vice President of Research & Regulation, The Loan Syndications and Trading Association
Wells Engledow
Vice President & Deputy General Counsel, Fannie Mae
Jack Hattem
Managing Director, Global Fixed Income, BlackRock
Jason Manske
Senior Managing Director & Chief Hedging Officer, MetLife
Alice Wang
Managing Director, Global Head of CIB Operational Risk, JPMorgan Chase & Co.
Moderators:
Doug Elliott
Partner, Oliver Wyman
John Harwood
Editor at Large, CNBC
@JohnJHarwood
Scott O’Malia
Chief Executive Officer, The International Swaps and Derivatives Association
@scottomalia
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