Float on: why the FMA is stressing about fund liquidity risks

(Image: Getty)

Wed, 24 Apr 2024

The global financial crisis is now water under the bridge.But almost 17 years downstream from the global financial crisis (GFC) source, crisis-related flotsam keeps bubbling to the surface, such as the latest Financial Markets Authority (FMA) ‘guidance’ for managed funds.Released this week, the FMA ‘liquidity risk management guide’ explicitly cites the 2007/2008 financial system meltdown as an influence.In the wake of the GFC, global financial bodies “recommended that regulators devote closer attention to the liqui...

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