{
  "title": "Germany: Financial Sector Assessment Program-Fund Management: Regulation, Supervision and Systemic Risk Monitoring-Technical Notes",
  "publication": "IMF Staff Country Reports, June 29, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-fund-management-regulation-supervision-and-44017",
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  "summary": "This paper discusses the German asset management sector and an analysis of certain key aspects of the regulatory and supervisory regime. Germany has a large and diverse asset management sector to which it applies a strong and comprehensive regulatory framework.",
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      "heading": "Summary findings",
      "content": "- The paper discusses the German asset management sector and an analysis of certain key aspects of the regulatory and supervisory regime.\n- Germany has a large and diverse asset management sector to which it applies a strong and comprehensive regulatory framework.\n- The sector is the third-largest in Europe, as measured by all managed assets.\n- The sector comprises a broad range of management companies and funds.\n- BaFin is able to monitor developments in the asset management sector by having access to an extensive set of data shared by the Bundesbank.\n- The data are sufficiently granular that individual exposures can be identified swiftly and accurately, allowing supervisory intervention where needed."
    },
    {
      "heading": "Subjects and key topics covered",
      "content": "- Asset and liability management\n- Asset management\n- Asset valuation\n- Financial institutions\n- Financial instruments\n- Financial regulation and supervision\n- Liquidity risk\n- Mutual funds"
    },
    {
      "heading": "Keywords (as provided)",
      "content": "- Asset management\n- Asset valuation\n- CR\n- Europe\n- fund rule\n- Global\n- ISCR\n- Liquidity risk\n- management company\n- Mutual funds\n- risk classification framework\n- UCITS Directive\n- UCITS fund\n- UCITS IV Directive\n- UCITS liquidity risk\n\n---\n\n Content in this bundle\n\n- cr16193\n  - cr16193 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16193 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 29, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498324878.002",
    "The paper discusses the German asset management sector and an analysis of certain key aspects of the regulatory and supervisory regime.",
    "Germany has a large and diverse asset management sector to which it applies a strong and comprehensive regulatory framework.",
    "The sector is the third-largest in Europe, as measured by all managed assets.",
    "The sector comprises a broad range of management companies and funds.",
    "BaFin is able to monitor developments in the asset management sector by having access to an extensive set of data shared by the Bundesbank.",
    "The data are sufficiently granular that individual exposures can be identified swiftly and accurately, allowing supervisory intervention where needed.",
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