Firms are seeking greater resources, including hiring for internal positions as well as outside assistance, before the compliance dates of the SEC’s Liquidity Rule become effective. Founder and President Amy Lynch comments on the challenges posed to firms that must meet the new rule requirements and are seeking to hire help. She notes that setting up the proper systems, implementing the policies and overseeing the liquidity risk program requires individuals with experience in both compliance and operations, multiple skill sets that are difficult to find and in high demand. See IGNITES (subscription required), “SEC Liquidity Rule Pushes Shops to Hire Up: Survey.”
