SEC Requests Public Comment on OFR Study of Risks in the Asset Management Industry


On September 30th, the Securities and Exchange Commission requested comments from the public regarding a recently released study by the Treasury Department’s Office of Financial Research (OFR). The study, Asset Management and Financial Stability, is an analysis of the $53 trillion U.S. asset management industry. Comments are due November 1, 2013.

OFR carried out the study at the direction of the Financial Stability Oversight Council (FSOC) to help FSOC determine which asset management companies should be designated as systematically important pursuant to Section 113 of the Dodd-Frank Act. The study was designed to analyze industry activities, describe the factors that make the industry and firms vulnerable to financial shocks, and consider the channels through which the industry could transmit risks across financial markets.

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Topics:  Asset Management, Dodd-Frank, FSOC, SEC, SIFIs

Published In: Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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