On December 11, 2015 the Securities and Exchange Commission (SEC) proposed new rules for mutual funds, exchange-traded funds, and closed funds regarding derivatives usage. This was the second major funds-focused proposal from the SEC in the latter half of the year. The SEC proposed liquidity risk-management rules at the end of September. Derivatives usage by funds has risen rapidly in recent years and the SEC believed its piecemeal regulatory structure for funds needed an overhaul.
The central p
The week on Risk.net, May 12-18, 2018Receive this by email