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Recent Developments in Asset Management

Author

Listed:
  • Fiona Price

    (Reserve Bank of Australia)

  • Carl Schwartz

    (Reserve Bank of Australia)

Abstract

The global asset management industry has grown rapidly following the global financial crisis. International standard-setting bodies and national regulators are working to better understand and, if necessary, address potential financial stability risks from this industry. A particular concern is that, in the event of a significant negative shock to current favourable conditions, some funds may experience substantial redemptions, and so be forced to engage in asset ‘fire sales’ that could be destabilising for the financial system. This article provides background on international developments, as well as some Australian context.

Suggested Citation

  • Fiona Price & Carl Schwartz, 2015. "Recent Developments in Asset Management," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 69-78, June.
    • Handle: RePEc:rba:rbabul:jun2015-08
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2015/jun/pdf/bu-0615-8.pdf
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    References listed on IDEAS

    as
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    4. Jon Cheshire, 2015. "Market Making in Bond Markets," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 63-74, March.
    5. Mitch Kosev & Thomas Williams, 2011. "Exchange-traded Funds," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 51-60, March.
    Full references (including those not matched with items on IDEAS)

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