So Long, LIBOR: MCS’ Jonathan Thalheimer Provides Perspective for a Future Without LIBOR Benchmarks
As the banking and finance world prepares for phase-out of the scandal-ridden interest benchmark known as LIBOR (the London Interbank Offered Rate), McGuire, Craddock & Strother’s Jonathan Thalheimer provides important perspective about the events that led to LIBOR’s demise and what lending institutions need to do to prepare for a LIBOR-less future.
The piece references pop culture touchstones to provide context — Rolling Stone magazine and the Rolling Stones — with Jonathan ending the piece with timeless words of wisdom from Jagger and Richards… “It is important that even though `
you can't always get what you want,' your loan documents should contain alternate rate provisions so that `you get what you need.'”
Jonathan’s article appears in the latest edition of ACREL Notes, the publication of the American College of Real Estate Lawyers. Click here to read the entire piece.