The Alternative Reference Rates Committee (ARRC), which is charged with managing the planned transition away from LIBOR in the US, held its third roundtable on reference rate reform on July 19, 2018. This most recent roundtable, along with statements from regulators, has made two things abundantly clear.
Organizations need to mobilize quickly to develop internal programs and also must actively engage with industry participants to facilitate contract modifications and protocols to manage the transition to new reference rates.
Financial Services Advisory Leader, PwC US
Tel: +1 (646) 471 4771