Global regulators sought to rein in risk at money managers such as BlackRock Inc. and Vanguard Group Inc., calling for new protections against potential fund losses that could roil the broader financial system.
The Financial Stability Board, whose members include the US Federal Reserve and the Bank of England, recommended that regulators bolster oversight of exchange-traded, mutual and other funds to ensure they can withstand market stress. The policy guidelines, the upshot of years ..