RBA deputy governor shares lessons on collective investment vehicles
Deputy governor tells Sydney audience that disruptions can be managed
Investors must understand the high degree of liquidity offered by collective investment vehicles "can disappear quickly" in stressed conditions, Reserve Bank of Australia (RBA) deputy governor Philip Lowe said today (May 27).
Addressing the Thomson Reuters' third Australian Regulatory Summit, in Sydney, Lowe shared a host of observations from Australia's experience with two "significant runs" on collective investment vehicles.
One of these was the importance of understanding the ability to
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