The Financial Stability Board, or FSB, is laser-focused on money market funds, mutual funds, and private funds. Specifically, the FSB is concerned that leverage in these funds and other so-called nonbank financial institutions could lead to market volatility, and, worse, could destabilize the global financial system.
In this episode of the Mutual Fund Minute, host and Sidley partner Jay Baris is joined by Joel Feinberg, co-leader of Sidley’s Banking and Financial Services practice, head of the firm’s Financial Institutions group in Washington D.C., and a member of the firm’s Executive Committee. Together, they discuss what this means for U.S. funds and U.S. investors.
