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Alternative Reference Rates

ABA offers news and resources to help banks address the economic, customer relations and operational challenges associated with the transition away from Libor toward more robust benchmarks.

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ABA is working with the Alternative Reference Rates Committee as it works to identify best practices for alternative rates and contract language, and we support the Alternative Reference Rates Committee (ARRC) efforts to ensure that the needs of a variety of financial institutions are addressed in its transition plans. To facilitate the transition, ABA is co-chairing the ARRC's Business Loans Working Group engaging bankers in the deliberations and helping to facilitate broad market dialogue on benchmark evolution.

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