Seeking Clarity with Transition From LIBOR

CPE Credits: 
2
Session Time: 
Thursday, May 28, 2020 - 3:00pm to 4:40pm
Field of Study: 
Economics
Level: 
Advanced
Description: 

Starting in 2022, the Secured Overnight Financing Rate (SOFR) will replace the London Interbank Offered Rate (LIBOR) as the benchmark for derivative and swap transactions in the municipal market. This session will summarize work done so far by representatives from GFOA to the Alternative Reference Rate Committee (ARRC) on the transition to the alternative rate. Speakers will also discuss how governments can understand their potential exposure and the complexities of the conversion process to inform on how all finance officers should approach existing and future transactions.

Speakers: 
Moderator
Managing Director, Public Finance Group (retired)
Mitsubishi UFJ Financial Group
Speaker
Chief Financial Officer
Iowa Finance Authority
Speaker
Director of Finance
Metropolitan Transportation Authority, New York
Speaker
Head of Communications Strategy
Wells Fargo LIBOR Transition Office
Speaker
Managing Director
Mohanty Gargiulo LLC