Markets and Economy

Building a Benchmark: Transitioning From LIBOR

The London Interbank Offered Rate (LIBOR) is set to be phased out within three years, creating arguably the biggest challenge facing global finance today. In this podcast, hear from J.P. Morgan and Fannie Mae experts on the challenges ahead—and considerations for the future.


The London Interbank Offered Rate (LIBOR) is set to be phased out within three years, creating arguably the biggest challenge facing global finance today. In this podcast, hear from J.P. Morgan and Fannie Mae experts on the challenges ahead—and considerations for the future.

Phasing out LIBOR—a benchmark referenced in everything from consumer loans and mortgages to $190 trillion of interest rate derivatives—has far-reaching consequences. In the US, J.P. Morgan has been providing leadership to develop a market around a new dollar reference rate called the Secured Overnight Financing Rate, or SOFR.

In this podcast episode, J.P. Morgan’s Sandie O’Connor is joined by Nadine Bates, Fannie Mae’s Treasurer, to discuss transitioning to SOFR in the US. Learn why the Alternative Reference Rates Committee (ARRC) selected SOFR as the US dollar alternative reference rate, and what businesses should consider in preparation for 2021.

Economy Report

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