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dc.contributor.authorCambón, María Isabel
dc.contributor.authorPedrón, Gema
dc.coverage.spatialEspaña
dc.date.accessioned2024-02-28T09:31:56Z
dc.date.available2024-02-28T09:31:56Z
dc.date.issued2023-12-04
dc.identifier.issnISSN: 2605-0897 (electronic edition)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/36155
dc.descriptionArtículo de revista
dc.description.abstractOver financial stability concerns, supervisors and regulators have turned their attention to non-bank financial institutions and activities because of the importance they have taken on in recent years. Discussions have started globally over whether macroprudential policy should be conducted in the investment fund sector. The most important risks that these institutions may pose to financial stability mainly arise from the liquidity mismatch between their portfolio assets and their redemption terms, or because they are highly leveraged. There are many different macroprudential tools available in this area which vary greatly across jurisdictions. Important international initiatives are currently under way, driven by the International Organization of Securities Commissions and the Financial Stability Board, aimed at promoting and standardising the available toolkit and how it is used. This article describes the existing tools in Spain, detailing their aim and possible actions by the regulator. It also compares the situation in Spain with other European jurisdictions, revealing that data and risk management tools are widely available in Spain.
dc.format.extent23 p.
dc.language.isoen
dc.publisherBanco de España
dc.relation.ispartofFinancial Stability Review / Banco de España, 45 (Autumn 2023) p. 49-71
dc.relation.hasversionVersión en español 123456789/34855
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectInvestment funds
dc.subjectLiquidity management tools
dc.subjectFinancial stability
dc.subjectMacroprudential policy
dc.titleMacroprudential tools for open-ended investment funds
dc.typeArtículo
dc.identifier.bdebib000475409
dc.identifier.bdepubFIER-2023-45-3
dc.publisher.placeMadrid
dc.subject.bdeInstituciones financieras no bancarias
dc.subject.bdeRegulación y supervisión de instituciones financieras
dc.subject.bdeRiesgos y liquidez
dc.publisher.bdeMadrid : Banco de España, 2023
dc.identifier.doihttps://doi.org/10.53479/36155
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