Alternative Reference Rates Committee: Difference between revisions

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imported>Doug Williamson
(Mend link.)
(Update for winding up.)
 
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(ARRC).
(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 former Alternative Reference Rates Committee 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."
It was wound up in November 2023, having announced a successful transition from USD LIBOR.
 
''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.




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*[https://www.newyorkfed.org/arrc Alternative Reference Rates Committee - about us]
*[https://www.newyorkfed.org/arrc Alternative Reference Rates Committee - about us]


[[Category:Corporate_financial_management]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:The_business_context]]

Latest revision as of 07:07, 1 February 2024

US interest rate benchmarks.

(ARRC).

The former Alternative Reference Rates Committee 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).

It was wound up in November 2023, having announced a successful transition from USD LIBOR.


See also


External link