Funds that promise investors daily liquidity for assets that fundamentally are not liquid are "built on a lie", Bank of England governor Mark Carney has warned.
Speaking to a Treasury Select Committee hearing on Wednesday, Carney said the structure of the open-ended funds "leads to an expectation of individuals that is not different than having money in a bank"....
PIMFA Virtual Fest
Upcoming regulatory work
Jump in phishing and 'smishing' tactics reported
Administrative fee waived
252 firms pulled out
Go alone for follow the crowd?
Once-in-a-lifetime out, necessities in
Expanding across North West