Although banking has been subject to intense regulatory focus recently, asset management remains largely in the shadows. Yet the growing size and influence of this sector point to new, unexpected risks to financial markets. In this speech exploring the role of asset managers, Bank of England chief economist Andrew G. Haldane sheds light on a subject that doesn’t get much attention but that could have a huge impact on world economies. getAbstract recommends this timely, sobering report to fund managers, policy makers and financial executives.
In this summary, you will learn
- How investment trends among asset managers are changing the financial landscape,
- How these trends affect financial markets and asset managers’ viability, and
- How regulators might respond in order to reduce market volatility.
About the Author
Andrew G. Haldane is the chief economist and an executive director at the Bank of England.