Illiquid funds could pose global systemic threat – Carney

Bank of England governor Mark Carney
Mark Carney

Global regulators must prevent the emergence of new systemic threats posed by dishonest fund management practices and the rise of market-based finance, according to Bank of England governor Mark Carney.

The growing importance of illiquid investment funds in the global system was a “big deal”, he told a hearing of the UK’s Treasury Committee on June 26. “You can see something that could be systemic.”

Carney said it was highly problematic that some funds promised daily redemptions despite the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: