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Rajib Chanda Quoted in Fund Directions on Re-Proposal of SEC Derivatives Rule
12.18.19
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Corporate Partner Rajib Chanda was quoted in Fund Directions in an article on the SEC’s re-proposed derivatives rule, which would make fund boards responsible for appointing and overseeing derivatives risk management administrators. Rajib stated that this proposal is, “more focused where the board is best suited,” than the SEC’s 2015 proposal, which would have required boards to make granular decisions regarding derivatives risk management, rather than “policy-level determinations about the funds.”
Discussing the similarity between the re-proposed derivatives rule and the SEC’s current requirement for board-appointed liquidity risk management administrators, Rajib noted that the knowledge and skills required for the two administrator roles likely vary, making combining the two positions problematic.
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