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IDC critical of 'prescriptive', 'rigid' liquidity management proposals


Aspects of the Securities and Exchange Commission's proposed rules on liquidity risk management are "highly prescriptive and excessively rigid," according to Independent Directors Council Managing Director Amy Lancellotta. In a statement accompanying IDC's comment letter on the proposed rule, Lancellotta said the group "recommends a flexible approach that would avoid negative ... Log in to view full article.