But attempts to coordinate action at the international level have so far come to nothing. The Woodford Equity Income Fund isn't the only fund to have suffered major liquidity issues in recent weeks. In June, London-based H2O Asset Management, which is partly owned by French investment bank Natixis SA, saw £7 billion of customer withdrawals after an FT report revealed the firm had poured around £1 billion into illiquid bonds connected to Lars Windhorst, a German financier with checkered history. That, in turn, prompted fund-research adviser Morningstar to suspend its ratings on one of the funds. As the Bank of England notes, "multiple recent episodes across a range of markets have further illustrated liquidity mismatch in some open‑ended funds": All of these episodes, while not large enough to pose a systemic risk, serve as a reminder that a significant mismatch in funds is "a vulnerability that goes beyond any single market or fund type."