As the potential risks of securities lending are discussed and debated by the Financial Stability Oversight Council (FSOC), the U.S. Treasury’s Office of Financial Research (OFR), and the Financial Stability Board (FSB), it is important to try to understand both the overall size of...
The Financial Stability Oversight Council (FSOC) recently announced that it has directed its staff to “undertake a more focused analysis of industry-wide products and activities to assess potential risks associated with the asset management industry.”
ICI Statement on SEC Role in Financial Stability Washington, DC, September 8, 2014— In response to media reports that the U.S. Securities and Exchange Commission (SEC) is considering the development of new rules regarding asset managers and financial stability, Paul Schott Stevens...
Today marks the 40th birthday of the Employee Retirement Income Security Act (ERISA). Signed into law on September 2, 1974, ERISA introduced bold steps to safeguard Americans’ employer-sponsored pensions and created the individual retirement account (IRA). Assets earmarked for...
Retirement Plan Fees Vary with Plan Size and Diversified Equity Holdings, Deloitte/ICI Study Finds Washington, DC, August 20, 2014—A comprehensive study of the factors that appear to drive fees in 401(k) and other defined contribution (DC) retirement plans, released today by Deloitte...
A recent post on the blog of the Federal Reserve Bank of New York discusses the possibility that new rules by the Securities and Exchange Commission (SEC) allowing money market funds to temporarily impose fees or gates during times of market instability could increase the risk of...
ICI Retirement Recordkeeper Data Show Americans’ Continued Commitment to Saving Washington, DC, August 12, 2014—ICI’s latest study of retirement plan savers’ actions, based on defined contribution (DC) plan recordkeeper data covering nearly 24 million employer-based DC plan...
During the global financial crisis, the distress or disorderly failure of some large, complex, highly leveraged financial institutions (banks, insurance companies, and investment banks) required direct intervention by governments—including a number of bailouts—to stem the damage and...
