MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, October 11, 2011 Will Fund Firms Face the 'Systemically Important' Label? Fundsters worried that their large mutual fund complex may face extra regulatory scrutiny should pay attention today to the Financial Stability Oversight Council. Reuters' Dave Clarke reports that today the council will release its new proposal on how to label non-bank financial firms (including fund firms) as "systemically important financial institutions (SIFIs)." Fund firms have been fighting to avoid the SIFI label, as it would come with more supervision from the Federal Reserve, more capital rules, more liquidity rules, and a requirement to prepare contingency plans on how to break themselves apart if the government were to step in and take over. Printed from: MFWire.com/story.asp?s=38018 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |