June 14, 2022

Zac Davis presented at the Connecticut Bankers Association’s 2022 Legislative Update on June 14, 2022. The presentation titled “Adjustable Interest Rate (LIBOR) Act and its Preemption of State LIBOR Transition Legislation” focused on the provisions of the federal Adjustable Interest Rate (LIBOR) Act passed into law on March 15, 2022, including the various options for transitioning away from LIBOR under the Act and steps that financial institutions can take to position themselves for the transition in advance of the cessation of USD LIBOR on June 30, 2023.