Major reforms unlikely after review finds funds resilient to market stress
Securities industry association expresses concerns with planned changes
New guidelines adopt global banking regulators' standards
U.S., U.K., Swiss regulators take action over risk management, governance weaknesses
Tighter financial conditions pose growing threat to non-banks that may spread throughout financial sector
Consider these three implications for client portfolios
FSB, IOSCO issue policy proposals to address redemption challenges
The Fed's scenario had a 40% decline in commercial real estate prices
Financial, regulatory headwinds drive tougher operating climate
DBRS affirms ratings on UBS, Credit Suisse, but outlook is negative