Richard Sandor, chairman and CEO of the American Financial Exchange and the Father of Financial Futures, joins Grant's to help us make sense of the major changes that are coming to the world financial system.

1:32 What's wrong with #Libor?

8:10 The Secured overnight #financing rate: Is it an improvement?

14:54 A potentially fraught transition from Libor

18:23 The role of #collateral

22:40 Milton Friedman, flexible exchange rates and the #gold standard

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