BoE and Citadel clash over Sifi status for funds
BoE's Breeden warns of increasing liquidity risk for asset managers; Citadel's Griffin says it is an "intrinsic" part of capital markets
Asset managers face growing liquidity risks – the result of reforms that have made banks less able to play their traditional market-making role – and the financial system is not well equipped to manage them, according to Sarah Breeden, head of the markets, sectors and inter-linkages division in the financial stability unit of the Bank of England (BoE).
"The fallout from the financial crisis and
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