FSB/IOSCO: Vulnerabilities from liquidity mismatch in open-ended funds
20 Dec 2023 (UPDATED: 13 Mar 2026)
International
1 min read
FSB has published revised policy recommendations to address structural vulnerabilities from liquidity mismatch in open-ended funds following a July 2023 consultation. FSB has also published a feedback statement. IOSCO has published final guidance on anti-dilution liquidity management tools for the effective implementation of the recommendations for liquidity risk management for collective investment schemes. FSB and IOSCO will both review progress by member jurisdictions in implementing these and intend to assess whether implemented reforms have sufficiently addressed risks to financial stability.