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FCA tells LDI managers to overhaul risk systems ‘as matter of urgency’

Watchdog said it saw 'significant deficiencies' in the management of risk during last year's LDI crisis

The FCA has published guidance for asset managers to 'enhance the resilience' of the LDI market
The FCA has published guidance for asset managers to 'enhance the resilience' of the LDI market Photo: Alamy

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The Financial Conduct Authority said asset managers must carry out robust stress tests and bolster risk management "as a matter of urgency" following last year's meltdown in the liability-driven investment market.

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