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.
Please see full alert below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.