LIBOR and the LIBOR Scandal: What It Is; What It Isn't; and What It May Mean for the Real Estate Practitioner

LIBOR – formerly an acronym that was mostly known to and used by only certain bankers, borrowers, purveyors of derivative securities and, of course, their lawyers, is now seemingly on everyone's mind. Not a day goes by that every form of media does not contain a new article (or rant) about LIBOR and the scandal surrounding LIBOR. This presentation explained LIBOR, how LIBOR is set, and how it has been used in real estate lending transactions. In addition to a providing a primer on LIBOR, the presentation addressed the scandal and some of the potential responses by applicable regulatory bodies.