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The Alternative Reference Rates Committee

The Alternative Reference Rates CommitteeSandra O Connor, ChairChief Regulatory Officer, JP Morgan Chase & Criteria for Potential Alternative Reference Rates Benchmark Quality: The degree to which the benchmark design ensures the integrity and continuity of the rate. The underlying market was evaluated according to its liquidity, transaction volume, and resilience. Methodological Quality: The degree to which the benchmark construction could satisfy the IOSCO Principles for soundness and robustness, including standardized terms, transparency of data, and availability of historic data.

The Alternative Reference Rates Committee Sandra O’onnor, hair Chief Regulatory Officer, JP Morgan Chase & Co. 1

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