The ARRC is hosting The SOFR Symposium: The Final Year, a webinar series which highlights the significance of the LIBOR transition in its final year. The symposium sessions include panel discussions and
presentations from ARRC members and representatives across various ARRC member institutions. Participants will have the opportunity to join engaging and dynamic sessions that give market participants practical guidance and answer any transition questions they have.
The dates and topics are below, and detailed information is available at this page.
- Symposium 1: March 22 from 1:30 PM – 3:30 PM EDT
The first symposium focused on progress in transitioning away from LIBOR, and on areas such as the loan market where progress has been slower.
- Symposium 2: May 11 from 10:30 AM – 12:15 PM EDT
The second symposium highlighted the significance of the LIBOR transition for financial stability, the importance of moving off of LIBOR in a sustainable way, and will also feature a discussion among market participants about loan market development in the Secured Overnight Financing Rate (SOFR).
- Symposium 3: June 8 from 10:30 AM – 12:00 PM EDT
The third event built on the ARRC's first and second events in the SOFR Symposium series by covering the transition away from LIBOR to the Secured Overnight Financing Rate (SOFR) in the derivatives market.
- Symposium 4: July 21 from 10:00 AM – 11:00 AM EDT
The fourth event built off of previous events and opened with an update on the SOFR First Initiative that is being led by the Commodity Futures Trading Commission's (CFTC) Market Risk Advisory Committee's (MRAC) Interest Rate Benchmark Reform Subcommittee. The first panel was followed by a discussion about the ARRC's continued progress towards formally recommending the CME SOFR Term Rates.
ARRC SOFR Summer Series: July and August 2020
The ARRC hosted a SOFR Summer Series
, a webinar series designed to educate the public on the history of LIBOR; the development and strengths of the SOFR; progress made in the transition away from LIBOR to date; and how to ensure organizations are ready for the end of LIBOR.
The dates and topics are below, and detailed information is available at this page
Floating Rates Notes Vendor Workshop Webcast: June 1, 2020
ARRC representatives hosted a webcast on Monday, June 1, 2020. A recording of the webcast can be viewed via this link
and a follow-up message can be found here
Vendor Survey Webcast: February 10, 2020
ARRC representatives hosted a webcast on Monday, February 10, 2020 to answer vendors' questions. A recording of the webcast can be viewed via this
ARRC Vendor Workshop: June 28, 2019
The Alternative Reference Rates Committee (ARRC) will host a vendor workshop on Friday, June 28, from 9:30 AM to noon at the Federal Reserve Bank of New York. The workshop will provide a forum for members of the ARRC's Operations/Infrastructure Working Group to collaborate with key vendors of software and technology that are critical to operationalizing the transition to SOFR. Vendors that are interested in participating in the workshop and learning more about the LIBOR transition should email email@example.com
to register. Please note that while the ARRC will try to accommodate all vendors that are interested in participating, space is limited and attendance is at the ARRC's discretion.
ARRC Roundtable: June 3, 2019
The Alternative Reference Rates Committee (ARRC) and the NYU Stern School of Business and its Salomon Center for the Study of Financial Institutions co-hosted a half-day forum on Monday, June 3, 2019. The forum featured remarks by Vice Chair for Supervision Randal K. Quarles and ARRC Chair Tom Wipf, as well as presentations and panel discussions about how market participants can use SOFR in cash products, about the ARRC's recommended fallback language, and about steps that some firms are taking to transition away from LIBOR.
ARRC Roundtable: July 19, 2018
The ARRC hosted a roundtable at the Federal Reserve Bank of New York on July 19, 2018. The event provided an opportunity for the ARRC to report on its overall progress since it was reconstituted, and was a starting point in the ARRC’s public consultation and education process regarding contract robustness in cash products referencing USD LIBOR. The event featured remarks by ARRC Chair Sandra O’Connor, as well as panel discussions around developments in contract language for floating rate notes, syndicated business loans, securitizations, and derivatives.
ARRC Roundtable: November 2, 2017
The ARRC hosted a roundtable at the Federal Reserve Bank of New York on November 2, 2017. The event covered the work of the ARRC, including its recommendation of the Secured Overnight Financing Rate as a robust alternative rate to USD LIBOR, and details of its Paced Transition Plan. Additionally, representatives of both ARRC and non-ARRC member firms discussed how the risks around LIBOR highlighted in a speech
by the UK’s FCA Chief Executive Andrew Bailey—may impact not only the interest rate derivatives market, but also a wide range of other financial products and markets.
ARRC Roundtable on the Interim Report: June 21, 2016
The ARRC hosted a roundtable on its Interim Report at the Federal Reserve Bank of New York on June 21, 2016.