The Financial Stability Board (FSB) published a consultation on proposed policy recommendations to address structural vulnerabilities from asset management activities. The paper sets out 14 proposed recommendations relating to structural vulnerabilities such as liquidity mismatch between fund investment assets and redemption provisions, leverage within funds, operational risk in transferring investment mandates or client accounts and securities lending activities.The recommendations consider stress testing for individual open-ended funds to support liquidity risk management as well as system-wide stress testing that could capture the effects of collective selling on the financial system. The consultation period closes on 1 September 2016. The FSB will then finalise the recommendations which will then be "operationalised" by the International Organization of Securities Commissions (IOSCO) and the FSB.