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ARTICLE · 03 DECEMBER 2018

International Body Proposes Framework For Assessing Fund Leverage

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On November 14, 2018, IOSCO launched a consultation on a proposed framework to help assess leverage used by investment funds.

United StatesFinance and Banking
A&O Shearman
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On November 14, 2018, IOSCO launched a consultation on a proposed framework to help assess leverage used by investment funds. The consultation follows a recommendation to IOSCO from the FSB in its January 2017 report, "Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities." The FSB recommended, among other things, that IOSCO should identify and/or develop consistent measures of leverage in funds to facilitate more meaningful monitoring of leverage for financial stability purposes and help enable direct comparisons across funds and at a global level.

The consultation sets out a proposed framework comprising a two-step process aimed at achieving a meaningful and consistent assessment of global leverage for funds, as part of an effort to address risks that may arise from certain asset management activities. The first step would use the measures of leverage identified and/or developed, with a view to identifying and analyzing funds

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