While many of us may be sneaking in one final summer vacation, the ARRC showed no signs of a slowdown as they formally recommended the CME Term SOFR Rates. Issues with SOFR aside, it looks like the rate really is here to stay. Read more about the latest developments from Dechert’s LIBOR task force in their latest Dechert OnPoint: Term SOFR is Here – The ARRC Recommends CME Group’s Term SOFR Rates for Use.