Publisher: Reuters Author: Nate Raymond The U.S. Securities and Exchange Commission's controversial use of in-house…
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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