We are working actively with colleagues – including taking leadership roles – at the FSB, IOSCO, ESRB and ESMA as we develop the international macroprudential response to market based finance.
Key focus areas for us in these discussions are encouraging more use of certain liquidity management tools (such as swing pricing), achieving  greater levels of consistency between asset liquidity and redemption terms (especially for funds that invest in assets that generally do not trade) and evaluating the wider approach to data for analysis of systemic risk from funds (accounting for gaps in a proportionate and efficient way).