Alternative Reference Rates Committee: Difference between revisions
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"The | "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 | 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 serves as a forum to coordinate and track planning across cash and derivatives products and market participants currently using 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. | |||
==See also== | ==See also== | ||
*[[Federal Reserve]] | *[[Canadian Alternative Reference Rate Working Group]] (CARR) | ||
*[[ | *[[Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks]] | ||
*[[Federal Reserve Board]] | |||
* [[International Organization of Securities Commissions]] (IOSCO) | |||
*[[LIBOR]] | *[[LIBOR]] | ||
*[[National Working Group on Swiss Franc Reference Rates]] | |||
*[[New York Fed]] | |||
*[[Paced Transition Plan]] | *[[Paced Transition Plan]] | ||
*[[Reference rate]] | *[[Reference rate]] | ||
*[[Risk-free rates]] | *[[Risk-free rates]] | ||
*[[SOFR]] | *[[SOFR]] | ||
* [[Steering Committee for SOR & SIBOR Transition to SORA]] (SC-STS) | |||
*[[USD LIBOR]] | |||
*[[Working group on euro risk-free rates]] | |||
*[[Working Group on Sterling Risk-Free Reference Rates]] (RFR WG) | |||
==External link== | |||
*[https://www.newyorkfed.org/arrc Alternative Reference Rates Committee - about us] | |||
[[Category:Corporate_financial_management]] | [[Category:Corporate_financial_management]] | ||
Latest revision as of 13:19, 23 June 2022
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
- Canadian Alternative Reference Rate Working Group (CARR)
- Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks
- Federal Reserve Board
- International Organization of Securities Commissions (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)
- USD LIBOR
- Working group on euro risk-free rates
- Working Group on Sterling Risk-Free Reference Rates (RFR WG)
