Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock's Novick Can't Even Envision Mutual Fund Stress Tests Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 18, 2016

BlackRock's Novick Can't Even Envision Mutual Fund Stress Tests

News summary by MFWire's editors

Mutual fund stress testing is not only unneeded, it doesn't even make sense, at least in the eyes of BlackRock [profile] vice chairman Barbara Novick.

Barbara Novick
BlackRock
Vice Chairman
Novick talked to Simon Jessop and Huw Jones of Reuters, who report that "The Bank of England is committed to testing the mutual fund sector's overall ability to withstand widespread redemptions, after a survey it conducted last year showed that funds were overly optimistic about their ability to cope."

Novick pushed back against the BoE's idea.

"I'm not sure what stress test people are even talking about when they say 'it will test all funds'. Really? What category? What does that look like? So, I can't even envison what that test would be or why it would be meaningful," Novick tells Reuters. "If you just look at one piece of the eco-system, you're missing the dynamics of how the market works." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use