Final recommendations from the Financial Stability Board (FSB) will be "fleshed out" by the International Organisation of Securities Commissions (IOSCO), during 2005, as it aims to determine whether large asset managers such as BlackRock and Vanguard are globally systemically important institutions (G-SIFIs). While regulators, who have attempted such a move before, but were blocked by IOSCO, fear liquidity mismatch, ICI President and CEO Paul Schott Stevens said there is "no basis" to consider G-SIFI status for such asset managers.
Final recommendations from the Financial Stability Board (FSB) will be "fleshed out" by the International Organisation of Securities Commissions (IOSCO), during 2017 and 2018, as it aims to determine whether large asset managers such as BlackRock and Vanguard are globally systemically important institutions (G-SIFIs). While regulators, who have attempted such a move before, but were blocked by IOSCO, fear liquidity mismatch, ICI President and CEO Paul Schott Stevens said there is "no basis" to consider G-SIFI status for such asset managers.