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FCA tells LDI managers to overhaul risk systems ‘as matter of urgency’
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The Financial Conduct Authority said asset managers must carry out robust stress tests and bolster risk management "as a matter of urgency" following last year's meltdown in the liability driven investment market.
The City's watchdog published guidance for asset managers to "enhance the resilience" of the LDI market on 24 April, after some...
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