11 October 2021 The Financial Stability Board (FSB) published its final report with policy proposals aiming to address systemic risks and minimise the need for future extraordinary central bank interventions to support the sector.

Extract: “MMFs are subject to two broad types of vulnerabilities that can be mutually reinforcing: they are susceptible to sudden and disruptive redemptions, and they may face challenges in selling assets, particularly under stressed conditions.”

Full report available here