In this Ropes & Gray podcast, Jason Brown and Jill Kalish Levy discuss the recent Risk Alert published by the SEC Office of Compliance and Inspections concerning the end of LIBOR, and what that Risk Alert means for market participants. Since the announcement of LIBOR’s cessation, the Fed has made great strides in pushing its replacement, “SOFR,” but this transition has proven to be operationally and logistically complicated. In this podcast, Jill and Jason examine these issues and how to prepare for OCIE’s examinations of various registrants to assess their efforts in preparing for the discontinuation of LIBOR.