Asset Managers Sized Up For Systemic Risk Label

Law360, New York (October 4, 2013, 7:20 PM EDT) -- A recent Treasury Department report has shown potential blind spots for financial regulators overseeing the $53 trillion asset management industry, and it could be the first step toward tagging several large players not already monitored closely by the Federal Reserve as risks to the global financial system.

Last month's report from the Office of Financial Research found significant holes in regulators' understanding of the risks large asset management firms are taking, and because these firms have extensive connections with banks and other parts of the financial...
To view the full article, register now.