Softened liquidity rule would still be misguided – US asset managers
Treasury proposals welcome, firms say, but watered-down SEC rule would leave risks unaddressed
Fund managers say US Treasury recommendations to water down incoming liquidity risk regulation are welcome, but changed rules could still fail to address deep concerns about market liquidity.
Rodney Comegys, global head of Vanguard’s risk management group, welcomes the recommendations. However, the $4.4 trillion manager is still concerned any information the US Securities and Exchange Commission (SEC) gleans from a less rigid regime might lead the regulator to draw the “wrong conclusions” about
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