The Securities and Exchange Commission is in the early states of creating new rules to monitor the risk that mutual funds and hedge funds pose to the larger economy in the event of a market shock, according to the Wall Street Journal.
Specifically, fund companies such as Fidelity and BlackRock will be subject to stress tests to determine how their funds would react to a sudden rise in interest rates.
The Financial Stability Oversight Council recently announced that it will not tag Fidelity and BlackRock as Systemically Important Financial Institutions, as it had been considering.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO 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? Sign In
© 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.
