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- Title
Buy-side liquidity risk management best practices.
- Authors
Corbett, Timothy P.; Smodis, Sebastjan
- Abstract
Asset management activities and liquidity risk management practices have captured the attention of regulators and investors, who have focused on the potential mismatch between the promised liquidity terms in daily dealing open-end funds and the liquidity of the underlying assets in these funds. This paper describes what State Street Global Advisors has learned over the past five years while building out a liquidity risk management framework, including best practices developed to meet fiduciary and regulatory responsibilities. A comprehensive and robust buy-side liquidity risk management framework should incorporate strong governance, real-time measurement and monitoring processes, contingency planning and product suitability reviews, supported by best-in-class liquidity risk monitoring tools and systems.
- Subjects
BEST practices; RISK management in business; ASSET management; LIQUIDITY (Economics); STATE Street Global Advisors Inc.
- Publication
Journal of Risk Management in Financial Institutions, 2018, Vol 11, Issue 3, p207
- ISSN
1752-8887
- Publication type
Article