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Wednesday, December 23, 2020 The Securitization Disclosure and Document Updates for 2020 and 2021 panel featured Structured Finance and Securitization partners Prachi Gokhale, Christina Burgess, Josh Yablonski and Joe Topolski and was moderated by partner John Keiserman. The discussion ranged from the effects of the COVID-19 pandemic on the structured finance industry, to the eventual cessation and replacement of the London Interbank Offered Rate (LIBOR), and concluded with an outlook to recent securities law changes that will affect offerings in 2021 and beyond. Here are the top five takeaways from the panel. Impact of COVID-19 on Risk Factors The COVID-19 pandemic has had a far-reaching impact on the disclosure for asset-backed securities offerings and has brought about several changes throughout the year, in particular to the disclosed risk factors. Most issuers prominently featured pandemic-specific risk factors in their disclosure documents, which focu ....