J. Christopher Giancarlo

Senior Counsel

J. Christopher Giancarlo is senior counsel to Willkie Farr & Gallagher LLP and is a former chairman of the U.S. Commodity Futures Trading Commission. He is also an independent director of the American Financial Exchange.

LIBOR

Libor is dead. Long live choice.

The London interbank offered rate was a flawed benchmark, but it was nonetheless a centerpiece of finance for decades. Congress should ensure it doesn't replace one interest rate monoculture with another as Libor winds down.

By J. Christopher Giancarlo

July 21