Regulators have been increasing their scrutiny of LIBOR transition efforts as they ramp up messaging stressing that the time to act is now. The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) issued a National Exam Program Risk Alert to introduce a LIBOR Examination Initiative on the upcoming discontinuation of, and transition from, LIBOR and includes a detailed document request list. To read more about the OCIE’s Risk Alert check out this Dechert OnPoint. You can also stay up to date with key developments in the LIBOR Transition by following Dechert’s LIBOR transition page.
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