PAY ATTENTION: SIFI Stamp on Asset Managers Could Broaden

SIFI

Financial regulators may soon be further reigning in global asset managers like BlackRock and Los Angeles-based Capital Group by marking some as SIFI. SIFI stands for systemically important financial institution. The Financial Stability Board (FSB), an international body backed by a number of governments, and the International Organization of Securities Commissions (IOSCO), a membership organization that regulates more than 95% of the world’s securities markets in more than 115 jurisdictions, have come out with a second iteration of a consultation paper, “Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions.” IOSCO and FSB are tasked with identifying major market participant groups and determining if they pose a significant risk to the global financial system if they fail. Asset managers have a chance to comment on the second version of the paper.

Related Article: Is BlackRock Too Big?

Impact Factors That Could Determine SIFI Participants

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute
 
institutional investor investment mandates