EU to crack down on asset managers in 2020 after Woodford fund closure

LONDON (Reuters) - Market watchdogs in the European Union will launch coordinated checks next year on whether asset managers are flouting liquidity rules after the shuttered Woodford fund in Britain has raised questions, a top EU regulator said on Friday.Steven Maijoor, chair of the European Securities and Markets Authority (ESMA), said the checks were due to heightened attention over liquidity risks at EU-regulated funds known as UCITS.Liquidity refers to the ability of a fund to easily sell..