ICI Viewpoints
Living Wills and an Orderly Resolution Mechanism? A Poor Fit for Mutual Funds and Their Managers
During the global financial crisis, the distress or disorderly failure of some large, complex...
Unconventional Wisdom on Retirement Preparedness
How well are Americans planning and saving for retirement? This is an important question to answer...
Across the Universe: Seeing the Whole Picture in the Systemic Risk Debate
Astrophysicists have discovered that they can’t account for the composition and behavior of the...
The Real Lessons to Be Learned from 1994’s Bond Market
A recent “Heard on the Street” column in the Wall Street Journal (“Heeding 1994's Bond-Market Lesson...
“The Age of Asset Management”—Less Risk, Not More
The following was written by ICI’s chief economist, Brian Reid, and published on FT Alphaville on...
European Banks Significantly Reduced Borrowing from U.S. Money Market Funds in June
As we discussed in March and April, European banks have generally become less willing to borrow from...
Some Facts About Roth IRAs and the Investors Who Use Them
Since the individual retirement account (IRA) was created as part of the Employee Retirement Income...
Industry Leaders Address Evolving Industry Challenges and Opportunities
In conversations exploring outcome-oriented investing, the globalization of the fund industry, and...
Adapting to the Rapidly Evolving Cybersecurity Environment
Because external hackers typically try to “look like an insider” when attempting to penetrate IT...
Now Off the Hill, Senator Snowe Still Brimming with Ideas, Advice
U.S. policy is ripe for reform in a number of key areas, but changes to ease the polarized political...
Industry Leaders Reflect on Serving Investors in an Evolving World
Speaking on the Leadership Panel held Wednesday, May 21, at ICI’s General Membership Meeting (GMM)...
Former ICI President Matt Fink Decries FSOC’s “Revisionist History”
Arguments that large stock and bond mutual funds are prone to “runs” that can destabilize markets go...
Errors of the Times: Getting the FSOC Debate All Wrong
New York Times columnist Floyd Norris makes a number of fundamental errors in his Friday column...
SEC Chair White Stresses Need for FSOC to Consult Sources for Necessary Expertise
Securities and Exchange Commission (SEC) Chair Mary Jo White today called for the U.S. Financial...
GMM Policy Forum: BlackRock’s Larry Fink Speaks with ICI’s Paul Stevens
The fund industry needs to stop focusing on the moment and start focusing on outcomes when advising...
Headlining ICI’s GMM, Blair Talks of Tough Challenges, Vast Opportunities
Challenges abound in our increasingly global world, said Tony Blair, former prime minister of the...
“Market Tantrums” and Mutual Funds: A Second Look
Over the past year, policymakers who are focused on financial stability have pursued a theory that...
For Concerns About Risk, a Better Way Forward
Since the financial crisis, regulators in the United States and abroad have been looking for ways to...
Overseas Overreach
The Financial Stability Board (FSB)—composed of financial regulators and central bankers from around...
How SIFI Designation Could Lead to a New Taxpayer Bailout
We have spent the past several days discussing why efforts by international and domestic regulators...
Who Are the FSB 14?
In their search for ways that investment funds can pose risks to the financial system, regulators...
The Market Crash That Never Came
U.S. and international banking regulators, in their search for ways that mutual funds and their...
Size by Itself Doesn’t Matter—Leverage Does
Second in a series of Viewpoints postings on funds and financial stability. The threshold set by the...
SIFI Designation for Funds: Unnecessary and Harmful
U.S. and international regulators are examining whether asset managers or the investment funds that...
ICYMI: "The Feds Target Money Managers"
Yesterday’s editorial in the Wall Street Journal, “The Feds Target Money Managers,” neatly summed up...
ICYMI: Congress Asks Questions About SIFI Designation and Asset Managers; SEC Chair White Provides Telling Answers
DC scene setter, 2013–2014: The Financial Stability Oversight Council (FSOC) is examining asset...
ICI Statement: FSOC Seeking “Pretexts” to Designate Funds
ICI President and CEO Paul Schott Stevens today made the following statement in response to media...
Seasonality, U.S. Money Market Funds, and the Borrower of Last Resort
The March money market fund holdings data indicate a large drop in the share of fund assets...
ICI Responds to the FSB Consultation on Systemic Risk and Investment Funds
In early January, the Financial Stability Board (FSB)—an international group of financial...
ICI Response to Bank of England Haldane Speech on Asset Management and Potential Risk
Today, ICI President and CEO Paul Schott Stevens made the following comment in response to a speech...