FCA's Bailey: The 'larger' number of open-ended funds could be a risk to market stability
Praised wholesale firms for MiFID II efforts
Chief executive of the Financial Conduct Authority (FCA) Andrew Bailey has listed a number of factors that could jeopardise market stability, including the role of open-ended investment funds, following the volatility experienced in early February.
The Chicago Board Options Exchange's Volatility Index (VIX) experienced its largest ever one-day move on 5 February, reaching its highest level since 2015 amid a steep decline in equity markets. Reflecting...
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