Speaking at an FSB roundtable on reform of major interest rate benchmarks in Washington DC, hosted by the Commodity Futures Trading Commission, FSB Chair Randal K. Quarles and Federal Reserve Board Vice-Chairman of Supervision, set out the need for a smooth transition to risk-free rates from LIBOR.
Other speakers at the event included:
- Andrew Bailey (CEO, UK Financial Conduct Authority and Co-chair, FSB Official Sector Steering Group)
- Craig Phillips (Counsellor to the Secretary, U.S. Treasury)
- J. Christopher Giancarlo (Chairman, U.S. Commodity Futures Trading Commission)
- Sir David Ramsden (Deputy Governor, Bank of England)
- Tom Wipf (Chairman of the MRAC Interest Rate Benchmark Reform Subcommittee and Vice Chairman of Institutional Securities, Morgan Stanley)
- Beth Hammack (Global Treasurer, Goldman Sachs)
- Tom Deas (Chairman, National Association of Corporate Treasurers)
- Patrick McCoy (immediate past President, Government Finance Officers Association and Director of Finance, Metropolitan Transit Authority)