Debtwire Radio

Joshua Thompson, head of Shearman & Sterling’s global leveraged finance group, and Patrick Clancy, a partner in the firm’s derivatives and structured products practice, recently joined Debtwire’s Richard Goldman for the first episode of Absolute Priority. During their discussion, the finance pros compare the pros and cons of LIBOR and SOFR, pinpoint the confluence of factors that led to the recent SOFR “surge event” and explain its significance. They also offer tips for what market participants can do in the coming years to prepare themselves for the inevitable LIBOR phase-out.