SEC Chief Says Asset Managers Not Overreacting To Systemic Threat

May 23 2014 | 12:42pm ET

The U.S. Treasury Department says that hedge funds are overreacting to the possibility that some might be deemed systemically important. The head of the Securities and Exchange Commission isn’t so sure.

Mary Jo White told a mutual-fund conference in Washington yesterday that she doesn’t “think you’re overreacting to the process. The issues here are enormously important, I mean, on every side.”

White’s words come as the Financial Stability Oversight Council mulls whether any non-bank  or insurance financial institutions should be designated systemically important. Such a finding would put them under the oversight of the Federal Reserve.

Earlier this week, the Treasury’s Mary Miller said there has been “a bit of an overreaction” on the part of asset managers, and that it is “certainly an option” that none will be designated.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...