IBOR fallbacks

The International Swaps and Derivatives Association, Inc. (ISDA) retained Brattle to provide an independent analysis of market participant responses to the ISDA Consultations on technical issues related to new fallbacks for derivatives contracts that reference certain interbank offered rates (IBORs/LIBORs). Drafted several public reports discussing the advantages and disadvantages of the new fallbacks proposed by ISDA, as well as their potential implementation issues.