In an op-ed for InvestmentNews, ICI President and CEO Paul Schott Stevens explains the importance of preserving incentives that help Americans save for retirement.
As stipulated in the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Federal Deposit Insurance Corporation’s unlimited insurance coverage on non-interest bearing transaction accounts, also known as the Transaction Account Guarantee (TAG), expired on December 31, 2012.
On Retirement Policy, Don't Mess with Success By Paul Schott Stevens (as published in Investment News on January 27, 2013) America's fiscal challenges have led some to contemplate an alarming course reversal on the policies that help ensure retirement security for working Americans...
Temporary Liquidity Gates, Fees Concept Only Viable FSOC Option for Prime Money Market Funds ICI Comment Letter to FSOC Opposes Flawed Proposals; Raises Concerns About Council’s Legal Authority and Analysis Washington, DC, January 24, 2013 - Temporary “gates” to halt redemptions from...
ICI Statement on Nominee for SEC Chair Washington, DC, January 24, 2013 - ICI President and CEO Paul Schott Stevens issued the following statement in response to President Obama’s announcement that he will nominate Mary Jo White to lead the Securities and Exchange Commission: “Mary Jo...
ICI Global Senior Counsel for Tax Law, Keith Lawson, made the following statement today regarding the final regulations issued by the U.S. government to implement the Foreign Account Tax Compliance Act (FATCA): ICI Global is pleased that many of the global fund industry’s concerns...
The Financial Stability Board (FSB), the international body established by the G20 to promote coordination among authorities responsible for financial stability, has made a number of recommendations toward creating a global policy framework for the securities lending and repurchase...
Financial intermediaries—banks, hedge funds, insurance companies, investment companies, and private equity companies—exist to bring together those who have excess funds with those who need funds. This process naturally entails risk.
