FCA probes impact of asset manager failure
The Financial Conduct Authority has expressed concern that a ‘disorderly failure’ of an investment manager or portfolio could completely disrupt the financial system.
These concerns were raised in its annual Mission and Business Plan for 2017/2018, which includes sector views for the first time.
“Market stability could be affected by the failure or disorderly wind-down of a very large asset manager or several asset management firms as end-investors attempt to redeem their holdings on demand, creating a downward selling spiral,” the document states.
Continue reading
This content is not freely available. To access 'FCA probes impact of asset manager failure' you need to be one of the following:
-
ACA student
-
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
-
Business and Finance Professional
-
An internationally recognised designation and professional status from the ICAEW.
-
Financial Services Faculty: Investment Management
-
Expert analysis, specialist support and trusted technical guidance for investment management professionals.