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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