Low interest rates help raise asset liquidity risk, says EU regulator
Data shows fund managers turn to more risky products in attempt to get better yields
The current low interest rate environment has contributed to a heightened liquidity risk in the European asset management industry, the EU’s securities regulator has said.
Steven Maijoor said some fund managers had altered the make-up of their portfolios in response to the prolonged period of rock-bottom interest rates in search of better yields.
Speaking to the Business Post, the European Securities and Markets Authority (ESMA) chairman said his agency had gathered data on...
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