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ARRC chair says legislation is critical for some legacy contracts

Published on: 04 February 2022

Published by LNB News

LNB News 04/02/2022

Document Information

Issue Date: 04 February 2022

Published Date: 04 February 2022

Jurisdiction(s): United Kingdom

Article summary

The Alternative Reference Rates Committee (ARRC) has published a summary of an article by its chair, Tom Wipf, on LIBOR’s demise, momentum towards SOFR, and the work that still remains. Wipf highlights the significant, positive momentum in the transition away from US dollar LIBOR to the secured overnight financing rate (SOFR) and the key priorities that remain in the coming year.

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