SEC to Focus on Asset Management, Disclosure, and Market Structure in 2016

Last Friday, February 19th, U.S. Securities and Exchange Commission (“SEC”) Chair, Mary Jo White, stated that the SEC will focus on asset management, equity structure and disclosure effectiveness in 2016.

During her address, White said the SEC would continue to look at liquidity risk, and that "advancing proposals for transition planning and stress testing are among our 2016 priorities for the asset management industry." White also pointed out that sweeping changes in the securitization markets have been implemented in the past year and stated that the SEC “will continue in 2016 to complete the remaining mandates.”

However, as a recent Reutersarticle highlights, limited time remains for the SEC to accomplish their goals with the administration of President Barack Obama ending in less than a year. Traditionally, the politically appointed head of the SEC is replaced when a president leaves office. In addition to this, the SEC is currently down two members from its full complement of five.

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