ARRC Archives - The Industry Spread

The Next Stage in the LIBOR Transition (via prerecorded video)

June 4, 2019

At the Alternative Reference Rates Committee Roundtable, cohosted by the Alternative Reference Rates Committee and the New York University Stern School of Business and Its Salomon Center for the Study of Financial Institutions, New York, New York

CFTC Chairman Gives Remarks at FSB Meeting on LIBOR Reform

April 16, 2019

Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo joined Randal K. Quarles, Chair of the Financial Stability Board (FSB) and Vice Chairman of Supervision, Board of Governors of the Federal Reserve System, UK Financial Conduct Authority CEO Andrew Bailey, and Deputy Governor Bank of England Sir David Ramsden for an FSB Roundtable discussion to highlight the need for continued progress to reform major interest rate benchmarks.

Progress on Benchmark Reform

April 12, 2019

Financial regulators around the world expect institutions using LIBOR to be ready to transition to more robust benchmarks reforms .

Progress on the Transition to Risk-Free Rates

April 11, 2019

The Financial Stability Board (FSB) has coordinated the international effort to reform interest rate benchmarks at the direction of the G-20. This is an important effort across the globe, but nowhere is it of more importance than in the jurisdictions relying on LIBOR.

CME Group Announces First OTC SOFR Swaps Cleared

October 10, 2018

CME Group, today announced five market participants have cleared trades worth more than $200 million in notional value of over-the-counter (OTC) Secured Overnight Financing Rate (SOFR) interest rate swaps since launching the service on Oct. 1.