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 |
|
Wednesday, November 6, 2013 Regulators Turn Microscope on Fido, BlackRock Prepare for the microscope. The fund giants BlackRock [profile] and Fidelity [profile] will be placed under a regulatory microscope for risk, according to Bloomberg, and Reuters. The newswire reports that the Financial Stability Oversight Council (FSOC) recently decided to look upon these fund giants. The council is authorized under the Dodd-Frank Act of 2010 to identify companies that could threaten stability. If the giants are demoed systematically important, the Fed can impose on those firms tighter capital, leverage and liquidity rules, and demand measures including stress testing for crisis scenarios and plans for winding them down should they start to fail. Reuters recently reported that the fund industry is mustering a challenge to a Treasury report arguing that fund managers need tougher regulation. Printed from: MFWire.com/story.asp?s=46664 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |