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Rajib Chanda Quoted in Fund Directions Regarding Risk-Based Oversight in the Mutual Fund Industry
Corporate Partner Rajib Chanda was quoted in Fund Directions, an Institutional Investor publication, in an article discussing the SEC’s increased focus on risk-based oversight in the mutual funds industry. Rajib commented that 2014 was shaped by this trend and he predicts it will continue in 2015. He said, “We have already seen [the SEC’s Office of Compliance Inspections and Examinations] examiners asking for risk oversight policies and board minutes relating to risk oversight, and the SEC has announced that derivatives guidance and a liquidity management rule are priorities for 2015. Both of those initiatives will likely call for some level of risk oversight, including by boards.”