If the Financial Stability Oversight Council determines that large money managers are systemically important financial institutions, most P&I Online readers would not change their investments with such firms.
Last week, the P&I Online Poll asked readers: If the federal government designates money managers as systemically important financial institutions, how would that impact your allocation to such firms?
About 52% of P&I online users responding to the poll last week chose the answer “it would have no impact.” About 31% of users chose “I would decrease investments with SIFI-designated firms,” and almost 17% of users selected “I would increase investments with SIFI-designated firms.”
The FSOC was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 and given broad authority to identify and monitor excessive risks to the U.S. financial system.
In September, the FSOC began examining the investment management industry. On May 19, the Treasury Department hosted a conference to learn about the industry from academics and money management firms.
For more, read "Money managers remaining vigilant against FSOC.
