Global watchdogs to re-examine systemic risk in fund industry

A new consultation is to begin later this year, according to people familiar with the matter

A brace of global watchdogs are to launch a second consultation on risks caused by asset managers, the latest development in a controversial process deciding what threat the sector poses to the financial system.

The Financial Stability Board and the International Organization of Securities Commissions are planning a second consultation on identifying systemic risks posed by asset managers and market intermediaries, according to three people familiar with the matter.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump