Systemic Risk and the Asset Management Industry: Framing the Systemic Risk Issue

Do asset managers contribute in any substantial way to the overall risk of a financial crisis? Are any asset managers systemically important financial institutions (SIFIs)? The Dodd-Frank Act requires the Financial Stability Oversight Council (FSOC) to decide which non-bank financial institutions are SIFIs.

On December 16, the Economic Studies Program at Brookings discussed the recently released Office of Financial Research (OFR) background report on the asset managers to help FSOC think about the issue.