There's a growing risk that credit woes spark bank-like runs on bond mutual funds. That's the message from the latest in a series of studies from the Federal Reserve Bank of New York on how market liquidity has changed since the crisis. In two investigations published on Friday, the regional central bank's wonks lay out a scenario that shows how fire sales caused by problems at some funds could lead to broader losses than a decade ago.
Some will blame new regulations that have curtailed the ability of investment banks to act as middlemen. It's a weak argument, though, and ...
So last decade
Newfound fears of investor panic can be soothed
Topics
Federal Reserve Bank | Real Estate | Federal Reserve
Antony Currie Last Updated at September 27, 2018 07:19 IST
First Published: Sun, February 21 2016. 21:31 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).