It’s now almost three months since the 2020 ISDA IBOR Fallbacks Protocol (the “Protocol“) went live.  In April, a US “legislative solution” became law for tough LIBOR legacy derivatives contracts governed by New York law, and in Germany the German Banking Association’s “Supplementary Agreement for IBOR Succession”, is gathering momentum.

In our latest, slide packed, video webinar ( CLICK HERE ) Mayer Brown partners Edmund Parker  and Patrick Scholl Patrick Scholl reflect on:

  • How successful has the ISDA Protocol been?
  • What does the FCA Announcement on the future cessation or loss of representativeness of all 35 LIBOR benchmarks mean in the context of the Protocol?
  • What impact will the US “ Legislative solution” which became law this week have on US tough legacy contracts?
  • How do you prepare for non-standard remediation?
  • What do you need to know about the German Banking Association’s “Supplementary Agreement for IBOR succession”

Please take a look: CLICK HERE on You Tube. We look forward to keeping you updated on future IBOR developments for derivatives, as the cessation process heats up.

Photo of Edmund "Ed" Parker Edmund "Ed" Parker

Edmund “Ed” Parker is a partner and global practice head of Derivatives & Structured Products at Mayer Brown and previously served on the Firm’s partnership board. Ed’s work covers all aspects of derivatives at the highest levels. He has been nominated as Global…

Edmund “Ed” Parker is a partner and global practice head of Derivatives & Structured Products at Mayer Brown and previously served on the Firm’s partnership board. Ed’s work covers all aspects of derivatives at the highest levels. He has been nominated as Global Derivatives Lawyer of the Year, a reflection of his technical excellence in this field.

He is a trusted thought leader for both clients and the profession, writing extensively on derivatives matters. Under his stewardship, the team was declared Global Law Firm of the Year – Overall at the 2019 GlobalCapital Derivatives Awards. The practice was previously declared European Law Firm of the Year – Transactions in 2018 and 2017; and Americas Law Firm of the Year – Overall in 2019 and 2018. The practice was also commended in the “Complexity and Scale” category of the FT Innovative Lawyers Report: Europe in 2018.

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