Accounting Research Tool

SEC Staff Issues Statement on LIBOR Transition (August 6, 2019)

Heads Up | Volume 26, Issue 16
August 6, 2019
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SEC Staff Issues Statement on LIBOR Transition

The SEC staff recently issued a statement1 (the “Statement”) that:
  • Discusses the expected discontinuation of LIBOR2 use and how the transition from LIBOR may significantly affect financial markets and market participants (including public companies, investment companies and advisers, and broker-dealers).
  • Lists questions and considerations for market participants related to new or existing contracts and other business risks.
  • Provides specific guidance from the SEC’s divisions of Corporation Finance, Investment Management, and Trading and Markets and its Office of the Chief Accountant.