Non-bank investment firms in the UK are starting to feel the pressure to match expectations set by the Financial Conduct Authority (FCA) as new prudential rules start to mature, according to four sources. In particular, that could lead to an increase in the amount of liquidity reserves firms hold.
“Firms are playing catch-up on meeting expectations that have always existed, but were never stated as explicitly,” says a senior operational risk manager at a large UK asset manager, referring to the
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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.