Fund Boards Council

FBC Members area

You need to be logged in to view this

Managing liquidity risk is a core part of operating authorised funds, remaining high on the agenda of the FCA (with firms receiving a ‘Dear CEO’ letter in 2023 referring to the results of a thematic review).

The role of the fund board in overseeing liquidity risk management was a key focus of a recent FBC research project and we presented and discussed our findings at this digital event.

FBC Senior Adviser, Brandon Horwitz, shared the findings including addressing questions such as:

  • Where and when is liquidity risk discussed as part of fund board oversight activities?
  • How is the fund board involved in setting policy, risk appetite and dealing with significant liquidity events?
  • What assurance do fund boards receive on the effectiveness of liquidity risk management controls?
  • What type of Management Information do fund boards receive on liquidity risk?
  • How have firms responded to the FCA’s 2023 Dear CEO letter and thematic review?