Alternative Reference Rates Committee
US interest rate benchmarks.
(ARRC).
"The Alternative Reference Rates Committee is a group of private-market participants convened by the Federal Reserve Board and the New York Fed to help ensure a successful transition from US dollar (USD) LIBOR to a more robust reference rate, its recommended alternative, the Secured Overnight Financing Rate (SOFR).
The ARRC is comprised of a diverse set of private-sector entities that have an important presence in markets affected by USD LIBOR and a wide array of official-sector entities, including banking and financial sector regulators, as ex-officio members."
Source - New York Fed - Alternative Reference Rates Committee
The ARRC works with industry participants for an orderly transition to SOFR from USD LIBOR.
It also serves as a forum to coordinate and track planning across cash and derivatives products and market participants currently using USD LIBOR.
See also
- Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks
- Federal Reserve Board
- IOSCO
- LIBOR
- National Working Group on Swiss Franc Reference Rates
- New York Fed
- Paced Transition Plan
- Reference rate
- Risk-free rates
- SOFR
- Steering Committee for SOR & SIBOR Transition to SORA (SC-STS)
- The Working Group on Sterling Risk-Free Reference Rates (RFR WG)
- USD LIBOR
- Working group on euro risk-free rates
