US Office of Financial Research Issues Report on Asset Management and Financial Stability

October 08, 2013

The Office of Financial Research (“OFR”), an office of the U.S. Department of the Treasury, recently issued a report that may provide a roadmap for future designations by the Financial Stability Oversight Council (“FSOC”) of asset management companies for supervision as systemically important financial institutions (”SIFIs”).1 The release, “Asset Management and Financial Stability” (“Report”), describes how in the view of the OFR the U.S. asset management industry may be vulnerable to financial shocks and may contribute to the amplification or transmission of such shocks, which, in turn, may pose threats to U.S. financial stability.

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