Fund Boards Council

[EXCERPT] Overseeing Liquidity: Good Practice for Fund Boards

March 09, 2021 Shiv Taneja & Catherine Battershill
Fund Boards Council
[EXCERPT] Overseeing Liquidity: Good Practice for Fund Boards
Show Notes

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