Interview: Natasha Cazenave on systemic risk in asset management

Chair of Iosco’s investment management committee welcomes “shift in the debate to an activities focus”

amf policy chief talks risk indicators and powers of intervention
Natasha Cazenave: clear need to see if there are any risks "regulators should be concerned about"

The Financial Stability Board (FSB) first outlined five workstreams on the regulation of shadow banking in October 2011, developing its recommendations into a policy framework published in August 2013. Of the five, perhaps the most vexing has been the examination of the "systemic risks posed by other shadow banking entities and activities".

In January 2014, the FSB and International Organisation of Securities Commissions (Iosco) proposed a methodology for identifying non-bank, non-insurance

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