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Featuring Milbank partners Allan Marks and John Williams, this episode of Law, Policy & Markets: Milbank Conversations explores how financial markets are dealing with risk and uncertainty caused by the pandemic and assesses how the Federal Reserve's liquidity measures are stabilizing credit markets.

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About the speakers:

Based in Milbank's New York office, John Williams leads the Derivatives practice at Milbank globally and is a member of the firm's Alternative Investment Practice. He specializes in cleared derivatives, credit derivatives, and Dodd-Frank Title VII regulation. Mr. Williams is noted as a leading attorney in credit derivatives, having drafted the ISDA auction settlement terms and led the engagement to establish the ISDA Credit Derivatives Determinations Committees in 2009. Since then, he has advised CDS market participants on both the buy and sell side on a range of major CDS market events, including Thomas Cook, Windstream, Sears, Neiman Marcus, Toys R Us, Astaldi, Caesars, and others.

Allan Marks is one of the world's leading project finance lawyers, with special expertise in the power and renewable energy, transportation and airports, oil and gas, water, and telecommunications sectors. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at both the Law School and the Haas School of Business.

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