UK to consider curbs on funds’ daily liquidity
Mark Carney says BoE officials are “disappointed” by limited global progress on issue
UK regulators will consider whether to take unilateral action to curb daily redemptions at some investment funds, as the Bank of England complains of inadequate progress at the global level.
The BoE said today (July 11) it would work with the UK’s Financial Conduct Authority to investigate how funds’ redemption terms “might be better aligned” with the liquidity of their underlying assets.
Regulators are concerned that funds invested in illiquid and risky assets could pose a financial stability
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