Industry group slams FSB proposals on funds
Mutual funds do not threaten financial stability, investment industry group ICI argues in a letter it will submit today to supranational body the Financial Stability Board.
Mutual funds are not systemic threats to financial markets, investment industry body ICI will argue in a letter to be submitted later today to the Financial Stability Board (FSB). ICI contends that proposals by the supranational body would in fact be harmful for investors.
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