The Securities and Exchange Commission is putting together new rules meant to increase supervision over mutual funds, hedge funds and other firms in order to examine whether the asset management industry poses risks to the financial industry, people familiar with the matter told The Wall Street Journal.
The SEC is working on rules that would require asset managers to provide regulators with further information on their funds’ holdings and be subject to tests to determine if the funds could withstand an economic crisis or sharp changes in interest rates, The Wall Street Journal added.
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