On December 18, 2014, the Financial Stability Oversight Council ("FSOC") voted unanimously to seek public comment regarding potential risks posed by asset management products and activities to US financial stability. Specifically, the FSOC is seeking public comment on the risks associated with liquidity and redemptions, leverage, operational functions, and resolution in the asset management industry. Once the notice is published in the Federal Register the public will have 60 days to submit comments.
A copy of the notice is available at: http://www.treasury.gov/initiatives/fsoc/rulemaking/Documents/ Notice%20Seeking%20Comment%20on%20Asset%20Management%20Products%20and%20Activities.pdf
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