Search
 

Asset managers face stricter rules for $77 trillion industry

The Financial Stability Board, whose members include the U.S. Federal Reserve and the Bank of England, recommended that regulators bolster oversight of exchange-traded, mutual and other funds to ensure they can withstand market stress.

By Silla Brush | Updated on January 16, 2017
Regulators are advised to bolster oversight of exchange-traded, mutual and other funds to ensure they can withstand market stress. (Photo: Getty)

(Bloomberg) — Global regulators sought to rein in risk at money managers such as BlackRock and Vanguard Group, calling for new protections against potential fund losses that could roil the broader financial system.

The Financial Stability Board, whose members include the U.S. Federal Reserve and the Bank of England, recommended that regulators bolster oversight of exchange-traded, mutual and other funds to ensure they can withstand market stress. The policy guidelines, the upshot of years of debate, stopped short of earlier proposals for imposing stiff oversight of asset-management companies and stress tests across the $77 trillion industry.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.