By Stephen A. Keen & Andrew P. Cross on March 4, 2021
This is the ninth installment of our review of the compliance requirements of new Rule 18f‑4. Our last post explained why unfunded commitment agreements present asset sufficiency risk but did not create leverage risk. In this post, we will explain how paragraph (e) of the new rule controls asset sufficiency risk, tracing its origins back to Release No. IC-10666 (“Release 10666”).
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Good day. Good to have sufficient assets under just about any circumstance imaginable. DR2