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SEC takes aim at risk in asset management

Agency considers rules requiring mutual funds and ETFs to gird against systemic stresses

The Securities and Exchange Commission is stepping up its campaign to cut risk in the $60 trillion asset management industry
The Securities and Exchange Commission is stepping up its campaign to cut risk in the $60 trillion asset management industry

The Securities and Exchange Commission will step up Tuesday its campaign to cut risk in the $60 trillion asset management industry, amid calls by other regulators for tighter monitoring.

The agency is scheduled to vote on proposed rules requiring mutual funds and exchange-traded funds to get a better handle on how they would survive periods of large investor withdrawals.

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