The coronavirus is testing business continuity plans in extreme ways, and some say the Securities and Exchange Commission is paying close attention to how mutual fund firms and others respond. They say that regulators will likely hold a postmortem on how firms conducted themselves during this period and that the industry can expect both questions and guidance. It may be useful to ask how the adviser is keeping tabs on its third-party providers when employees at the manager, the provider, or both, are working from home, says Christopher Palmer, a partner and Co-Chair of Goodwin’s Financial Industry group. Read the article in Board IQ here.
In The Press April 20, 2020