1 posts categorised "Investment funds"

05 February 2019 Illiquid assets and open-ended funds: What are the big issues for firms? The Brexit referendum result in June 2016 exposed some potential structural vulnerabilities in the asset management sector. It highlighted that open-ended funds invested primarily in illiquid assets can struggle to satisfy high demand for redemptions under stressed market conditions, at least without being forced to sell those underlying assets very quickly at a significant discount. While the existing liquidity management measures avoided major problems, the Financial Conduct Authority (FCA) has now consulted on proposals to mitigate the risk in case of a repeat event. While the industry supports the regulator’s focus on this, the more engaged firms have identified a series of challenging implementation issues among the proposed requirements. So which aspects of the proposals have triggered most debate across the industry so far and are likely to have the most significant impact?

Popular categories

UK blogs Business and Economics Business Transformation Corporate reporting Cyber Security Data Protection Deals Finance and Treasury Financial Services Regulatory Insights Government and Public Services Healthcare Industry Insights Law and Legal Pensions People and HR PwC Research Sustainability Tax Technology Insights
Services
Actuarial Audit Business recovery Consulting Deals Economics and policy Forensic services
Legal People and organisation Private Business Risk assurance Strategy& Sustainability and climate change Tax
Industries Aerospace and Defence Asset and Wealth Management Automotive Banking and Capital Markets Business Services Capital Projects and Infrastructure Chemicals Education Engineering and Construction Financial Services Forest, Paper and Packaging Government and Public Services Healthcare Hospitality and Leisure Insurance Manufacturing Media and Entertainment Mining and Metals Oil and Gas Pharmaceuticals and Life Sciences Power and Utilities Private and Equity Real Estate Retail and Consumer Technology Telecommunications Transport and Logistics Sovereign Investment Funds
Issues Brexit Building public trust Cyber security Data and analytics Data protection and privacy The economy FinTech The Future of Audit Governance Intelligent Digital Regulation Risk Strategy & growth Talent Value Creation in Deals
About us Alumni Annual report Awards Code of conduct Our culture and values Diversity Report Engaging policy makers Our global network Human rights and modern slavery PwC Leadership Exchange PwC Pantomime The Old Vic Our purpose Regions Women in Technology
Careers

© 2015-2023 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.