Demystifying the Trust Instruction Proceeding with Wells Fargo’s Mike Johnson LIBORcast

What should securitization trustees be concerned about regarding the LIBOR transition? In this episode, Dechert’s Matthew Hays and Wells Fargo Senior Company Counsel Mike Johnson discuss how issuers, investors and servicers can prepare for the transition as well as whether trust instruction proceedings (TIPs) may be used in connection with LIBOR language or whether legislative solutions will address discretion and ambiguity in documents.