Nov 28, 2012
On Nov. 20 CPI and Global Economics Group assembled an all-star team to ask several questions: Should LIBOR should be tweaked, overhauled, or blown up? And what happens to all those contracts that are pegged to LIBOR now? The answers will have a global impact.
To discuss these issues, CPI brought together:
- Rosa Abrantes-Metz, a Principal at Global Economics Group and an Adjunct Professor at New York University. Professor Abrantes-Metz, an economist, published a widely cited 2008 paper that raised alarms over the LIBOR rate setting process.
- Michael Barr, Professor of Law University of Michigan Law School, and former Assistant Secretary for Financial Institutions, U.S. Department of the Treasury, where he was a key architect of the Dodd-Frank Act.
- Miguel De La Mano, Head of Unit for the Analysis of Financial Market Issues, DG internal Market and Services, European Commission and former Chief Economist, UK Competition Commission.
- David S. Evans, Chairman of Global Economics Group and Lecturer, University of Chicago Law School, will moderate the discussion. Evans is the co-author with Professor Abrantes-Metz of a widely discussed proposal for replacing LIBOR.