The Alternative Reference Rates Committee (ARRC) was a group of private-sector participants convened by the Federal Reserve Board and the New York Fed to help ensure a successful transition from U.S. dollar (USD) LIBOR to a more robust reference rate, its recommended alternative, the Secured Overnight Financing Rate (SOFR).

Dec 16, 2021 · ARRC documents remain critical to an enduring system of robust reference rates. As noted in the ARRC’s Closing Report, the New York Fed plans to launch a new sponsored group in 2024 to promote the integrity, efficiency, and resiliency in use of reference rates and to promote the ARRC’s critical best practice recommendations.

The ARRC was a group of private-sector participants convened to help ensure a successful transition from U.S. dollar (USD) LIBOR to a more robust reference rate, its recommended alternative, the Secured Overnight Financing Rate (SOFR).

ARRC documents remain critical to an enduring system of robust reference rates. As noted in the ARRC’s Closing Report , the New York Fed plans to launch a new sponsored group in 2024 to promote the integrity, efficiency, and resiliency in use of reference rates and to promote the ARRC’s critical best practice recommendations.

The ARRC is a group of financial market participants convened to help ensure a successful transition from U.S. dollar LIBOR to a more robust reference rate, its recommended alternative, the Secured Overnight Financing Rate (SOFR).

The Alternative Reference Rates Committee (ARRC) today announced that it is now formally recommending CME Group’s forward-looking Secured Overnight Financing Rate (SOFR) term rates (SOFR Term Rates), following the completion of a key change in interdealer trading conventions on July 26,

ARRC documents remain critical to an enduring system of robust reference rates. As noted in the ARRC’s Closing Report, the New York Fed plans to launch a new sponsored group in 2024 to promote the integrity, efficiency, and resiliency in use of reference rates and to promote the ARRC’s critical best practice recommendations.

The ARRC was reconstituted in 2018 with an expanded membership to help to ensure the successful implementation of the Paced Transition Plan, address the increased risk that LIBOR may not exist beyond 2021, and serve as a forum to …

Apr 20, 2021 · The key principles for an ARRC-recommended forward-looking SOFR term rate, are that this rate should: 1. Meet the ARRC’s criteria for alternative reference rates, similar to SOFR itself; 2. Be rooted in a robust and sustainable …

ARRC Formally Recommends A Forward-Looking SOFR Term Rate Status and What’s Next ARRC recommends conventions and best practice for scope of use. July 21, 2021 U.S. supervisory guidance encourages stopping new USD LIBOR issuances by end-2021. LIBOR’s administrator ceases publication of all GBP, EUR,