Regulation

‘Asset managers need bigger say in applying crisis tools’ 

MEP Isabel Benjumea, rapporteur on the EU AIFMD and Ucits reviews. Photo: EP.

Europe’s asset management industry on Wednesday threw its backing behind a legislative proposal to give asset managers a bigger say in the application of liquidity management tools, or LMTs, at times of market stress. The managers, not the supervisors, should be responsible for deciding on the use of such tools,  the proposal says.

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