Groundwork laid for stricter regulation of asset managers

US study concludes firms would be vulnerable in a financial panic

Asset-management firms such as mutual funds are vulnerable to a financial panic, the Treasury Department said Monday, releasing a study that could lay the groundwork for stricter regulation of such financial players

The finding that the asset-management industry is "vulnerable to shocks" leaves US regulators with a decision about whether to subject large players such as BlackRock and Fidelity Investments to increased oversight.

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