Sec Expresses Concerns About Impact of Libor Transition on Models and Valuations

  • SEC’s Division of Examinations issued its 2021 Examination Priorities, pointing out the areas where it intends to focus its resources for examinations in the coming year
  • The intended targets include:
    • Compliance with the newly implemented Regulation Best Interest
    • Unique compliance issues related to COVID pandemic
    • Operational resilience and risks associated with climate change
    • Exposure to and preparations for the expected discontinuation of LIBOR