Asset Managers Pose Systemic Risk: Treasury

The Office of Financial Research (OFR), at the behest of the Financial Stability Oversight Council, conducted an analysis of whether, and how, to bring the activities of asset management firms within the scope of enhanced prudential standards and supervision under the Dodd-Frank Act. Asset Management and Financial Stability, September 2013, the report by the OFR, analyzes the industry’s activities, the key factors within it that could generate systemic risk, and the identification of the channels through which such risks could transmit to the broader financial markets. Asset managers: Key players The report contains an interesting table that ranks the top…