A global provider of stock market indices settled SEC charges for the dissemination of stale index values due to an undisclosed quality control feature in one of its volatility-related indices.
The President's Working Group on Financial Markets made several recommendations to the SEC addressing the Public Company Accounting Oversight Board's lack of access to auditors of Chinese companies listed in the United States.
The Financial Accounting Standards Board requested comments on a proposed "Accounting Standards Update" aimed at easing potential accounting burdens on loan market participants presented by the LIBOR transition.
SEC Chief Accountant Sagar Teotia addressed domestic and international accounting and auditing developments in the capital markets.
In a statement on the discontinuation of LIBOR, the SEC staff noted the risks associated with the transition from LIBOR to alternative reference rates.