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Industry group slams FSB proposals on funds

Joe Marsh
Mutual funds do not threaten financial stability, investment industry group ICI argues in a letter it will submit today to supranational body the Financial Stability Board.
Industry group slams FSB proposals on funds

Mutual funds are not systemic threats to financial markets, investment industry body ICI will argue in a letter to be submitted later today to the Financial Stability Board (FSB). ICI contends that proposals by the supranational body would in fact be harmful for investors.

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