There is no regulatory obligation for funds
to hold a risk reserve, and Knox said this would be difficult to enforce: “It’s
going to be difficult to introduce regulations because funds [have] different
financial circumstances.”
27/04/2009
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Investments
The institutions managing long-term savings might not be built to respond at the speed the world now moves. The gap between knowing and acting – which, ultimately, is where all risk lives – is one they can’t afford to keep open.
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