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New SEC Exam Team to Focus on Emerging Risks Amid Virus

July 28, 2020, 7:45 PM

The Securities and Exchange Commission has formed a new team to better respond to developing threats and market incidents during the coronavirus pandemic and beyond.

The unit, which includes specialized examiners, accountants, and quantitative analysts, will work to ensure the agency’s exam priorities are carried out and firms are better able to respond to business disruptions, the SEC said Tuesday.

The newly formed Event and Emerging Risks Examination Team in the Office of Compliance Inspections and Examinations will proactively communicate with financial firms and assist the SEC’s regional offices when significant matters pop up, the agency said.

OCIE will look ...