Libor SOFRThe NeuGroup Insights Interview
August 12, 2021

Next Steps on the Road to Libor’s End: ARRC Chair Tom Wipf Looks Ahead

In part two of his video interview with Joseph Neu, Tom Wipf discusses operational challenges, SOFR’s strengths and more.Keeping track of developments in the long-running financial market drama called the Libor transition has been anything but easy. The number of complex issues at play can be overwhelming—everything from fallback language, interest calculations and credit spread adjustments to term rates, timelines and deadlines. That’s one reason NeuGroup created a Libor transition working group and has facilitated scores of discussions on the…
Libor SOFRThe NeuGroup Insights Interview
August 6, 2021

ARRC Chair Wipf on the Libor Transition Marathon: ‘We Have Passed the Wall. We Hope We’re on the Downhill.’

Part one of a video interview by NeuGroup founder and CEO Joseph Neu with Tom Wipf, chair of the Alternative Reference Rates Committee, on what the ARRC and he have learned about Libor and what lies ahead as market participants switch to SOFR. The transition away from Libor got a major boost in late July after the ARRC announced the recommendation of CME Group’s forward-looking Secured Overnight Financing Rate (SOFR) term rates, following the completion of a key change in…