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January 28, 2021

The Alternative Reference Rates Committee Chair Tom Wipf highlighted developments in the transition away from LIBOR and stressed the need for market participants to (i) "immediately" cease issuing USD LIBOR-based instruments and (ii) take "proactive measures" for relevant contracts maturing after June 2023.

April 07, 2021

The Alternative Reference Rates Committee commended New York State Governor Andrew Cuomo's signing of legislation meant to reduce potential disputes and market disruption associated with the transition away from LIBOR.

April 15, 2019

The Alternative Reference Rates Committee ("ARRC") designated Tom Wipf as its new chair. He is the Vice Chair of Institutional Securities at Morgan Stanley. Mr. Wipf is succeeding Sandra O'Connor following her retirement this month. Mr. Wipf has been Morgan Stanley's representative on the ARRC since 2014 and his appointment as ARRC Chair is immediately effective for a one-year term.