Assessing the Systemic Importance of Asset Managers and Investment Funds

摘要: Financial regulation has recently focused on “too big to fail” institutions such as banks and insurance companies by assigning some of them the designation “systemically important”, which brings additional regulatory requirements top traditional requirements. In 2015 various international bodies (FSB IOSCO) proposed a similar for other large financial institutions, asset managers investment funds. This new methodology was real disappointment industry. The two elements that attracted most criticism were entity-based individual funds managers, materiality thresholds systemic importance designation. Additionally, methodologies failed grasp uniqueness management industry, if applied, could potentially enhance risk instead diminishing it. this paper, we propose critical review consultative responses main industry players proposal, highlight areas in be revised.