The single resolution mechanism should thus be able to act swiftly and needs ready access to a resolution fund. I’d be pleased to talk more about this in our discussion. 2  BIS central bankers’ speeches  Overall, significant progress has been achieved: •  We are now starting to see the results of these actions to resolve the crisis.
Inflexible net asset value (NAV) fund share pricing, that does not factor in the investment losses of trading illiquid assets, can generate a first-mover advantage for an open-end mutual fund and exacerbate the incentive for investors to run.