LIBOR MARCH MADNESS ENDGAME – THE TRANSITION SPEEDS UP

Join us as we hear from Joseph Philip Forte, General Counsel at AmTrust Title Insurance Company,
on how the banking industry is moving away from LIBOR, a process that turns out not to be easy
as it first sounded. In addition to figuring out a replacement for LIBOR, the industry needs to deal
with legacy loans tied to LIBOR pricing, while moving to a new interest rate benchmark. Joe will
discuss the recently enacted NY LIBOR transition/safe harbor legislation that seeks to smooth
the transition and reduce litigation as well as similar proposed federal legislation to cover the
rest of the country. He will dive into proposed state and federal legislation that seeks to smooth
the transition and reduce litigation. He will explore the IRS and FASB safe harbors for transition
to the new loan pricing benchmarks and discuss warnings from the federal banking regulators
about “safety and soundness” issues if an institution continues to use LIBOR.

Thursday, April 29th

12:00 pm - 1:00 pm