▁ ▁As set ▁man agers ▁ ▁United ▁States ▁It ▁is ▁widely ▁anticip ated ▁ ▁that ▁the ▁Fin an cial ▁St ability ▁O vers ight ▁Council ▁will ▁eventually ▁design ate ▁certain ▁significant ▁asset ▁man agers ▁as ▁non bank ▁system atically ▁important ▁financial ▁institutions ▁( non bank ▁S IF Is ). ▁The ▁F SO C ▁recently ▁asked ▁the ▁U . S . ▁Tre as ury ▁Department ’ s ▁Office ▁of ▁Fin an cial ▁Research ▁( OF R ) ▁to ▁undert ake ▁a ▁study ▁that ▁provides ▁data ▁and ▁analysis ▁on ▁the ▁asset ▁management ▁industry . ▁The ▁study ▁analyz ed ▁the ▁industry ▁and ▁describes ▁potential ▁thre ats ▁to ▁U . S . ▁financial ▁stability ▁from ▁vulner abilities ▁of ▁asset ▁man agers . ▁ ▁The ▁study ▁suggested ▁the ▁industry ’ s ▁activities ▁as ▁a ▁whole ▁make ▁it ▁system ically ▁important ▁and ▁may ▁pose ▁a ▁risk ▁to ▁financial ▁stability . ▁Furthermore , ▁it ▁identified ▁the ▁extent ▁of ▁assets ▁managed ▁by ▁the ▁major ▁industry ▁players . ▁This ▁request ▁for ▁the ▁study ▁is ▁considered ▁by ▁some ▁as ▁a ▁first ▁step ▁in ▁by ▁the ▁F SO C ▁in ▁review ing ▁the ▁industry ▁and ▁individual ▁player ▁to ▁determine ▁which ▁are ▁system atically ▁important . ▁Once ▁designated ▁as ▁system atically ▁important ▁those ▁entities ▁will ▁be ▁subject ▁to ▁additional ▁o vers ight ▁and ▁regul atory ▁requirements . ▁ ▁In ▁ 2 0 1 3 , ▁the ▁Tre as ury ▁Department ' s ▁Office ▁of ▁Fin an cial ▁Research ▁released ▁its ▁report ▁on ▁As set ▁Management ▁and ▁Fin an cial ▁St ability ' ', ▁the ▁central