FSB and Iosco renew push to tackle liquidity mismatch
Many opened-ended funds failing to use liquidity management tools effectively, say global regulators
Two global standard-setting bodies made a renewed effort today (July 5) to make open-ended funds (OEFs) tackle vulnerabilities caused by liquidity mismatch.
The proposals form a major plank of efforts to address risks in the non-bank sector. OEFs pose some of the greatest stability risks and make up the majority of the riskiest section of non-bank financial intermediation.
Today the Financial Stability Board published a consultation on revisions to policy recommendations it originally issued
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