Alternative Reference Rates Committee: Difference between revisions
imported>Doug Williamson m (Expand penultimate sentence for clarity.) |
imported>Doug Williamson (Add title to weblink reference.) |
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(ARRC). | (ARRC). | ||
"The ARRC is a group of private-market participants convened by the Federal Reserve Board and Federal Reserve Bank of New York in cooperation with the US Department of the Treasury, the US Commodity Futures Trading Commission, and the Office of Financial Research, to identify a set of alternative reference interest rates that are more firmly based on transactions from a robust underlying market and that comply with emerging standards such as the IOSCO Principles for Financial Benchmarks, and to identify an adoption plan with means to facilitate the acceptance and use of these alternative reference rates." - https://www.newyorkfed.org/arrc | "The ARRC is a group of private-market participants convened by the Federal Reserve Board and Federal Reserve Bank of New York in cooperation with the US Department of the Treasury, the US Commodity Futures Trading Commission, and the Office of Financial Research, to identify a set of alternative reference interest rates that are more firmly based on transactions from a robust underlying market and that comply with emerging standards such as the IOSCO Principles for Financial Benchmarks, and to identify an adoption plan with means to facilitate the acceptance and use of these alternative reference rates." - [https://www.newyorkfed.org/arrc Alternative Reference Rate Committee] | ||
The ARRC works with industry participants for an orderly transition to SOFR from LIBOR to ensure the successful implementation of the Paced Transition Plan. | The ARRC works with industry participants for an orderly transition to SOFR from LIBOR to ensure the successful implementation of the Paced Transition Plan. | ||
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*[[Risk-free rates]] | *[[Risk-free rates]] | ||
*[[SOFR]] | *[[SOFR]] | ||
[[Category:Corporate_financial_management]] | |||
Revision as of 09:32, 11 July 2018
US interest rate benchmarks.
(ARRC).
"The ARRC is a group of private-market participants convened by the Federal Reserve Board and Federal Reserve Bank of New York in cooperation with the US Department of the Treasury, the US Commodity Futures Trading Commission, and the Office of Financial Research, to identify a set of alternative reference interest rates that are more firmly based on transactions from a robust underlying market and that comply with emerging standards such as the IOSCO Principles for Financial Benchmarks, and to identify an adoption plan with means to facilitate the acceptance and use of these alternative reference rates." - Alternative Reference Rate Committee
The ARRC works with industry participants for an orderly transition to SOFR from LIBOR to ensure the successful implementation of the Paced Transition Plan.
It serves as a forum to coordinate and track planning across cash and derivatives products and market participants currently using USD LIBOR.
