Interest rate benchmark reform: working groups | Practical Law
This note outlines the regulatory push for transition away from interbank offered rates (such as LIBOR) to near risk-free rates (RFRs) and provides an overview of the work carried out by some of the working groups established to catalyse a transition, including the Working Group on Sterling Risk-Free Reference Rates (RFRWG), the Working Group on Euro Risk-Free Rates and the Alternative Reference Rates Committee (ARRC).