IMF warns smaller funds can pose systemic risks

clock

The International Monetary Fund (IMF) has said large funds are not the sole contributors to systemic risk issues and has called for asset managers to be subject to stress tests.

In a chapter of its twice-yearly Global Financial Stability Report, the IMF called for further scrutiny of the asset management industry, suggesting a revamp of oversight methods is needed. It said regulators should move to a more “hands-on” supervisory approach, involving better data, risk indicators, and analysis including stress tests. The call is the latest sign that the funds industry is entering an era of greater regulatory scrutiny, as assets under management swell and fund groups become the dominant players in some markets. Certain fund houses have already prepared their re...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot