episode 101: 101 - Tom Wipf, from LIBOR to SOFR
Tom Wipf, Vice Chair, Morgan Stanley’s Institutional Securities Group, and Chair of the New York Federal Reserve’s Alternative Reference Rates Committee ("ARRC"), on the transition away from the LIBOR standard and the introduction of the new SOFR. The conversation touches upon the need for global cooperation from financial institutions and trade groups, how ARRC identified risk-free alternative reference rates and the level of complexity in capital markets within different instruments.
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