Editing Libor (section)

==== Alternative Reference Rates Committee ====
In 2014, the [[Federal Reserve Board of Governors|U.S. Federal Reserve Board]] and the [[Federal Reserve Bank of New York]] announced the creation of the Alternative Rates Reference Committee (ARRC) to assess viable alternatives to the LIBOR.<ref>{{Cite web|title=Alternative Rates Reference Committee|url=https://www.newyorkfed.org/arrc|access-date=May 14, 2018}}</ref>

In 2016, the ARRC released its first report on the possible indices that could serve as a replacement to the LIBOR.

On March 7, 2018 the ARRC announced that the committee had been reconstituted and the following groups were participating.<ref>{{Cite web|title=Membership for ARRC Broadened to Facilitate LIBOR Transition|url=https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2018/ARRC-March-7-2018-press-release.pdf|access-date=June 2, 2018|website=New York Fed}}</ref>

The ARRC would comprise the following institutions:

* [[AXA]]
* [[Bank of America]]
* [[BlackRock]]
* [[Citigroup]]
* [[CME Group]]
* [[Deutsche Bank]]
* [[Federal National Mortgage Association]]
* [[Federal Home Loan Mortgage Corporation]]
* [[GE Capital]]
* [[Goldman Sachs]]
* [[Government Finance Officers Association]]
* [[HSBC]]
* [[Intercontinental Exchange]]
* [[International Swaps and Derivatives Association]]
* [[JP Morgan Chase & Co.]]
* [[LCH Clearnet]]
* [[MetLife]]
* [[Morgan Stanley]]
* [[National Association of Corporate Treasurers]]
* [[Pacific Investment Management Company]]
* [[Toronto-Dominion Bank|TD Bank]]
* The [[Federal Home Loan Bank]] of New York
* The [[Independent Community Bankers of America]]
* The [[Loan Syndications and Trading Association]]
* The [[Securities Industry and Financial Markets Association]]
* [[Wells Fargo]]
* [[World Bank Group]]

In addition, the following agencies would serve as [[ex officio]] members of the ARRC:

* [[Board of Governors of the Federal Reserve System]]
* [[Consumer Financial Protection Bureau]]
* [[Federal Deposit Insurance Corporation]]
* [[Federal Housing Finance Agency]]
* [[Federal Reserve Bank of New York]]
* [[Office of Financial Research]]
* [[Office of the Comptroller of the Currency]]
* [[U.S. Commodity Futures Trading Commission]]
* [[U.S. Securities and Exchange Commission]]
* [[U.S. Treasury Department]]