Alternative Reference Rates Committee (ARRC) | Practical Law
Alternative Reference Rates Committee (ARRC)
Enter to open, tab to navigate, enter to select
US Home
Global Home
NEW
Sign in
Sign in
All content
Search:
Search Westlaw
Search Tips
Advanced
Alternative Reference Rates Committee (ARRC)
Practical Law Glossary Item w-023-4260
(Approx. 3 pages)
Glossary
Alternative Reference Rates Committee (ARRC)
A
group
of private-market participants organized by the
Federal Reserve Board
(FRB) and the
Federal Reserve Bank of New York
(FRBNY) convened to help ensure a successful transition from USD
LIBOR
to a more robust reference rate. The ARRC recommended the
Secured Overnight Financing Rate
(SOFR) as the alternative to USD LIBOR.