Topic: FSOC

Feds Say Asset Managers Put the Country‘s Financial System at Risk – Here’s How

“[The report] found that asset managers could transmit risks across the financial system through two primary channels: (1) exposure of creditors, counterparties, investors, or other market participants to an asset manager; and (2) disruptions to financial markets caused by fire sales.” (Stephen Quinlivan, Leonard, Street and Deinard) According to the Treasury Department’s Office of Financial Research… Read more »

FSOC Proposes Money Market Reforms: You Should Know…

“The FSOC’s proposals also set the stage for fresh tension between a vocal group of regulators, who feel that despite limited reforms in 2010, money market funds are still vulnerable to havoc-wreaking asset runs, and the fund industry, which has devoted significant public-relations efforts to arguing that reform would harm investors by making money market… Read more »