Regulators need to go back to fundamentals on fund risks

Policy-makers need to identify risks posed by open-ended investment funds more precisely

risk assessment

The March 2020 market turmoil breathed new life into concerns about the systemic risks posed by open-ended funds. Such funds, which have grown substantially in the past decade, saw heavy redemptions that put pressure on the liquidity of some markets.

Central banks continue to worry about the liquidity mismatch to which open-ended funds give rise – that is, the difference between funds’ (mostly daily) redemption terms and the time it takes to sell illiquid assets in stressed market conditions.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here