FBC’s Senior Adviser, Brandon Horwitz spoke with a panel of experts assembled for their knowledge and understanding of liquidity risk mitigation. As liquidity continues to be a hot topic for fund boards’ agendas this meeting took a deep dive into the role of liquidity risk oversight, with discussions of the following topics:
- Authorised funds’ management of liquidity risk across all asset classes
- The progress that firms have made with executing FCA’s expectations, as set out in their ‘Dear CEO’ letter to AFMs in November of 2019
- Best practices in the space of liquidity risk management for authorised funds
- AFM Boards oversight of effective liquidity risk, including the role of Liquidity Committees
- The respective roles in regard to managing liquidity risk between the AFM Board vs. the depositary vs. the investment manager