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Asset Management

Global regulator gives the nod to fund ‘gates’

The Financial Stability Board has been looking at ways to address 'liquidity mismatches', a problem that was highlighted when several property funds were suspended in the wake of the Brexit vote

Liquidity becomes precious in times of drought
Liquidity becomes precious in times of drought Photo: iStockphoto

The Financial Stability Board, set up by the G20 to police risks to the global financial system, has given its blessing to fund "gates" and other measures to tackle liquidity crunches in funds - but says asset managers need to do more to keep investors informed.

However, fund managers say they are still alarmed at the way global regulators treat them like systemically-important banks.

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