As discussed at the ARRC’s November 2 Roundtable, the Federal Reserve plans to reconstitute the ARRC (Alternative Reference Rates Committee) early next year in order to more directly facilitate issues of legacy contract robustness and transition for cash products as well as derivatives. In addition to membership in the ARRC, there may be opportunities for non-ARRC member institutions to participate in several working groups the ARRC is organizing to focus on specific issues, such as matters related to corporate loans, consumer loans, floating rate notes, securitizations, or legal or accounting issues.
