The FSOC has released an update on financial risk from asset managements
The Financial Stability Oversight Council
released on Monday an update to its review of potential risks
to US financial stability posed by asset management products
The council’s views on
financial stability risks focused on liquidity and redemption,
leverage, operational functions, securities lending and
resolvability, and transition planning.
"The Council was created to bring the
financial regulatory community together to look across the
entire system, ask tough questions, and address potential risks
to financial stability before they materialise. Our analysis of
asset management products and activities is a crucial piece of
that work," said Treasury Secretary Jacob Lew, chair of the
Council. "As financial markets evolve, the nature of potential
risks shifts, and we need to be vigilant in monitoring and
understanding these changes."
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