
This Is What Happened To LIBOR During The COVID Crisis
Odd Lots
00:00
Navigating the Zombie LIBOR Transition
This chapter explores the potential risks and complexities associated with the transition away from LIBOR to SOFR, focusing on the concept of 'zombie LIBOR' amidst regulatory pressures. It discusses the critical importance of fallback provisions in financial contracts and the role of centralized counterparties in maintaining market stability. The speakers highlight the challenges faced by the financial industry in adapting to new benchmarks while ensuring consistency and mitigating disruptions in the derivatives market.
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Transcript


