You are here

FSB's too-big-to-fail plan flawed: Vanguard

It joins Fidelity to fight regulator's proposal on funds

New York

VANGUARD Group Inc, the world's second-biggest money manager, has joined the fight against a plan by the Financial Stability Board (FSB) to identify too-big-to-fail investment funds, calling its proposal deeply flawed.

Vanguard, which oversees US$3.3 trillion in assets, is