Fed eyes ability of asset managers to repay in a panic

April 23, 2015 5:05 AM

55 0

Fed eyes ability of asset managers to repay in a panic

WASHINGTON/NEW YORK (Reuters) - Sections of the U.S. financial system that may be vulnerable to investor panic are raising concerns inside the Federal Reserve, as policymakers preparing for the first interest-rate hike in nearly a decade seek to ensure that the market is ready and able to handle it whenever it happens.

The Fed is particularly worried about whether the booming asset management industry can withstand a run of redemptions in a financial crisis.

Read more

To category page

Loading...