The US Securities and Exchange Commission has voted to develop new rules to help funds manage liquidity risk, ensuring money is returned to investors quickly if they rush to redeem their holdings.
Five commissioners of the SEC voted unanimously on rules to improve disclosure standards for mutual funds and exchange traded funds to ensure they can manage liquidity risk, according to the Financial...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected