FSB unveils proposals to curb asset management risks
The Financial Stability Board (FSB) today (June 22) published its first set of proposals designed to curb the financial stability risks associated with asset management.
A consultation document lays out 14 recommendations for authorities looking to ensure asset managers can stand up to a systemic crisis.
A key concern – targeted by nine recommendations – is how asset managers balance offers of immediate or swift redemption with the difficulty they may have selling assets during a crisis. Other
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