On 22 June the FSB published its consultation on Proposed Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities. Interested parties were invited to provide written comments by 21 September. These comments are available below.

The FSB thanks those who have taken the time and effort to express their views.

American Investment Council/Invest Europe
Asociación de Instituciones de Inversión Colectiva y Fondos de Pensiones (INVERCO)
Association for Real Estate Securitization (ARES)
Association Française de la Gestion financière (AFG)
Association of Investment Companies (AIC)
Association of the Luxembourg Fund Industry (ALFI)
AXA Investment Managers
Brazilian Financial and Capital Markets Association (ANBIMA)
Bundesverband Investment und Asset Management (BVI)
Canadian Pension Fund Managers
Capital Group
CFA Institute
Coalition of Mutual Fund Investors (CMFI)
Comisión Nacional de Mercado de Valores (CNMV) Advisory Committee
Committee on Capital Markets Regulation
Deutsche Bank
European Fund and Asset Management Association (EFAMA)
Federated Investors
Fidelity International
Fidelity Investments
Financial Services Roundtable
Global Association of Risk Professionals (GARP)
HDFC Asset Management Company
Hedge Fund Standards Board (HFSB)
HSBC Global Asset Management
Institute of International Finance (IIF)
International Capital Markets Association (ICMA) Asset Management and Investors Council
International Securities Lending Association (ISLA)
Investment Adviser Association (IAA)
Investment Company Institute (ICI)
Japan Securities Dealers Association (JSDA)
Managed Funds Association (MFA)/Alternative Investment Management Association (AIMA)
Pacific Investment Management Company LLC (PIMCO)
Pension fund for Metalworking and Mechanical Engineering (PMT)/Pension fund for the Metal and Electrical Engineering Industries (PME)/MN
Securities Industry and Financial Markets Association (SIFMA) Asset Management Group
State Street
Swiss Bankers Association (SBA)
Systemic Risk Council
The Investment Association
The Investment Trusts Association, Japan
Timeos Pensioendiensten
T. Rowe Price International
US Chamber of Commerce