Investment funds will come under increased focus from global financial regulators, the head of a worldwide push to prevent a repeat of the financial crisis said on Sunday. Bank of England Governor Mark Carney, who is also head of the Financial Stability Board (FSB) group of regulators, said assets managed by investment funds were now equivalent to almost 90 percent of the global economy. Carney said the growth of asset management brought welcome diversity to the financial system. Carney's comments echoed those made by BoE Deputy Governor Jon Cunliffe earlier this year who said financial markets appeared to have underpriced the risk of investments proving illiquid.
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