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How fund managers can ensure sustainability and liquidity, but also invest and speculate

In this photo illustration, a squashed one GBP coin is held between a person's fingers to represent stress-testing
Photo: Christopher Furlong/Getty Images

FCA finds weaknesses in firms’ ability to stress-test and implement effective liquidity management framework.

On July 6, 2023, the FCA published a Dear CEO letter, following its multi-firm review of liquidity management by Authorised Fund Managers (AFMs), calling on all asset managers and managers of Alternative Investment Funds (AIFs) to consider the implications of the review’s findings for their businesses.

Following high-profile failures in liquidity