Challenges abound in our increasingly global world, said Tony Blair, former prime minister of the United Kingdom. Yet our future could be brighter than ever, he insisted. Blair’s stirring words came during a keynote speech at ICI’s 56th General Membership Meeting (GMM). After his...
The fund industry needs to stop focusing on the moment and start focusing on outcomes when advising investors on their resources, said Laurence D. Fink, chairman and CEO of BlackRock, at ICI’s Annual Policy Forum, part of the Institute’s 56th General Membership Meeting (GMM).
Serving Investors in an Evolving World Marie A. Chandoha GMM Chair President and CEO, Charles Schwab Investment Management, Inc. May 20, 2014 56th Annual General Membership Meeting Washington Hilton Washington, DC As prepared for delivery. Hello, and welcome to the 2014 General...
Financial Stability: A Conversation with Investors 56th Annual General Membership Meeting Paul Schott Stevens President and CEO Investment Company Institute May 20, 2014 Washington Hilton Washington, DC As prepared for delivery. Thank you, Marie [Chandoha], for those kind words, for...
Remarks at 10th Anniversary Dinner, Independent Directors Council Paul Schott Stevens President and CEO Investment Company Institute May 19, 2014 Washington, DC Hello, and thank you all for being here tonight. I’d especially like to thank Jim Bodurtha, Marguerite Bateman, and Dawn...
Over the past year, policymakers who are focused on financial stability have pursued a theory that mutual fund investors can destabilize financial markets by redeeming from funds when markets decline. According to this theory, redemptions by fund investors lead fund managers to sell...
Since the financial crisis, regulators in the United States and abroad have been looking for ways to prevent a repeat. But recently it seems they’ve gone off course.
The Financial Stability Board (FSB)—composed of financial regulators and central bankers from around the globe—is proposing a flawed methodology that inappropriately puts regulated U.S. funds under scrutiny for possible designation as global systemically important financial...
We have spent the past several days discussing why efforts by international and domestic regulators to examine mutual funds as sources of systemic risk are unnecessary and inappropriate.
