FCA tells asset managers to review liquidity management in funds

The FCA said that managing liquidity effectively was "vital" for asset managers, allowing investors to withdraw funds "in line with their expectations and at an accurate price that reflects its value". While some firms demonstrated "very high standards" in the regulator's review, there was a "wide disparity" in the quality of compliance with regulatory standards and depth of liquidity risk management expertise, it said. "A minority of firms in the review had inadequate frameworks to manage liquidity risk," it added. LTAF retail extension receives mixed reaction as platforms weigh...