IAA’s Preparing for the LIBOR Phase-Out

Morgan Lewis’s partner Thomas V. Ambrosio spoke on the panel for “Preparing for the LIBOR Phase-Out” on IAA’s webinar series addressing key regulatory, compliance, and business topics for investment advisers.

The panelists addressed developments in transitional from LIBOR to suitable alternatives, implications for Freddie Mac and Fannie Mae acquisitions of LIBOR adjustable rate mortgages ceasing by December 31, 2020, fallback language that written loan obligations will need when LIBOR is no longer available and discontinuation of investments reflecting LIBOR or using the LIBOR benchmark for interest payments.