Our Two Cents with MBA

The LIBOR Transition - Alternative Reference Rates and Banks

September 01, 2021 Missouri Bankers Association
Our Two Cents with MBA
The LIBOR Transition - Alternative Reference Rates and Banks
Show Notes

In this episode, we speak with Chris Rockers, a Partner at Husch Blackwell, about the upcoming LIBOR transition. New business will have to be written using an alternative reference rate after December 31st, with the leading candidate being SOFR. This issue has remained somewhat under the radar due to COVID and economic recovery efforts, but it represents a major shift for our financial system. Regardless of the size or geographic region of your bank, you must ensure that you are aware of where you have LIBOR exposure and have a plan in place to address it.