Investment Management Counsel Quoted in ACA Insighton FSOC’s Scrutiny of Asset Management Firms

In its April 18 update, the Financial Stability Oversight Council (FSOC) outlined its concerns over the systemic risks posed to financial stability by the asset management industry. The update “evidences the fact that the Council remains focused on the asset management profession … even where there is no compelling evidence to support its suspicions” stated investment management counsel David Tittsworth (Washington, D.C.) in the May 2 edition of ACA Insight. The article details the increasing and ongoing tensions between the council and the Security and Exchange Commission (SEC), as the SEC continues to develop a variety of rules to manage risk amid pressures from a number of prudential regulators.