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SEC© Chair lays out plan to oversee systemic risk of asset managers

Publisher: Reuters
Authors: Sarah Lynch and John McCrank

The US SEC© plans to launch a sweeping set of reforms designed to ensure that large asset managers are properly dealing with risks and have plans to wind down in the event of a major market disruption.

SEC© Chair Mary Jo White announced the three-prong plan in a speech in New York saying it will “lay the foundation for a renewed focus on regulating the risks arising from the portfolio composition and operations of investment advisers.”

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