Swing pricing now ‘common practice’ in Luxembourg
Swing pricing “has become common market practice” in the Luxembourg fund sector to manage liquidity at times of volatility in the market, according to a recent industry survey by the Association of Luxembourg Fund Industry.
‘Asset managers need bigger say in applying crisis tools’
Europe’s asset management industry on Wednesday threw its backing behind a legislative proposal to give asset managers a bigger say in the application of liquidity management tools, or LMTs, at times of market stress. The managers, not the supervisors, should be responsible for deciding on the use of such tools, the proposal says.