Michael Whalen - Later LIBOR

In this episode, we speak with Michael Whalen, a managing director in BRG's Washington, DC, office. He has more than twenty-five years of experience in advising, structuring, and raising more than $20 billion in finance for capital-intensive infrastructure projects across the energy value chain and other infrastructure sectors. In the first of two episodes with Michael, we focus on the future of LIBOR, one of the key benchmark rates in the world economy, which is set to go away in 2021. He provides a brief history of LIBOR and discusses why it's being phased out.