Podcast: CFTC Issues LIBOR Transition Relief For Swaps

In this Ropes & Gray podcast, asset management partners Isabel Dische and Leigh Fraser discuss the three no-action letters that were published by the CFTC on December 17, 2019 to provide relief to market participants as they transition swaps that reference the London Interbank Offered Rate (LIBOR) and other interbank offered rates (or IBORs) to swaps that reference alternative benchmarks.

Trancript: 

Isabel Dische: Hello, and thank you for joining us today on this Ropes & Gray podcast, the latest in our series of podcasts and webinars focused on CFTC and derivatives issues. I'm Isabel Dische, a partner in our asset management group based in New York. Joining me today is Leigh Fraser, an asset management partner in our Boston office who heads our firm's private funds practice. Today, we are going to be talking about three no-action letters that were published by the CFTC on December 17, 2019 to provide relief to market participants as they transition swaps