SEC Issues Risk Alert with Exam Observations Related to LIBOR Transition
The Risk Alert describes examination observations of transition away from LIBOR by the asset management industry.
May 19, 2023
Tags: Libor, SEC Examinations
LIBOR Transition: June 30, 2023 – The End (Mostly)
This article discusses issues for investment advisers to consider related to the transition from LIBOR immediately after June 30, 2023.
February 23, 2023
Tags: Libor
SEC’s Birdthistle discusses fees, proxy voting, money market fund reform, and LIBOR, announces expiration of no-action position related to MiFID II.
August 02, 2022
Tags: Libor, MiFID II, Money Market Fund, Private Funds
President Signs LIBOR Bill to Address Legacy Contracts
President Biden signs law for uniform process to replace LIBOR in legacy contracts, designed to prevent disruptive litigation.
March 29, 2022
Tags: Libor
SEC Staff Issues Statement as LIBOR Transition Looms
SEC staff is reminding market participants of their obligations when recommending LIBOR-linked securities and reminding issuers of asset-backed securities of their disclosure obligations related to the LIBOR transition.
December 21, 2021
Tags: Libor
SEC Chair Gensler Takes Aim at Potential Alternative Rate to LIBOR
SEC Chair Gary Gensler singled out his preference for the Secured Overnight Financing Rate (SOFR) as the alternative reference rate to LIBOR.
October 05, 2021
Tags: Gary Gensler, Libor
Form CRS, ESG Disclosure are Priorities for SEC Exams, Enforcement
Form CRS filing and ESG disclosure are among the top examination priorities, noted Peter Driscoll, Director of the SEC’s Division of Examinations, in a conversation with IAA General Counsel Gail...
March 09, 2021
Tags: Compliance Conference, ESG, Form CRS, Libor, Peter Driscoll, Private Funds, SEC Enforcement, SEC Examinations, Share Class Disclosure, Takeaways
The FSB Reacts to COVID-19’s Shock to the Financial System
The FSB Reacts to COVID-19’s Shock to the Financial System April 14, 2020 On April 11, the Chair of the Financial Stability Board (FSB) sent a letter to the...
April 14, 2020
Tags: Coronavirus, Libor, Systemic Risk
In his first remarks to the Financial Stability Oversight Council (FSOC) since becoming SEC Chair, Gary Gensler reiterated his agency’s focus on enhancing the resiliency of money market funds. Gensler...
June 15, 2021
Tags: CFTC, Derivatives, FSOC, Gary Gensler, Libor, Money Market Fund, Regulatory Agendas, Rostin Behnam
LIBOR Transition: Important Recent Developments
Thomas D’Ambrosio Morgan, Lewis & Bockius Background. 2021 has been a busy year so far for the transition away from LIBOR. On March 5, 2021 the United Kingdom’s Financial Conduct...
April 19, 2021
Tags: Columns, Compliance Corner, Libor