Should the time between the execution of securities trades and settling payment be reduced in U.S. markets? The Depository Trust & Clearing Corporation (DTCC)—the financial industry utility that processes securities transactions, including those for the fund industry—has recently...
Money market funds provide important short-term funding for the U.S. economy: these funds hold a total of $2.5 trillion in Treasury and agency securities, repurchase agreements, and other financial instruments.
First Half of 2012: Savers Show Continued Commitment to Retirement Saving, ICI Study Finds Washington, DC, November 14, 2012 - ICI’s latest study of 401(k) savers’ actions, based on defined contribution (DC) plan recordkeeper data from more than 24 million DC plan participant accounts...
ICI President and CEO Paul Schott Stevens issued the following response to today’s meeting of the Financial Stability Oversight Council (FSOC): Regrettably, today’s action by the FSOC fails to advance the debate over how to make money market funds more resilient in the face of...
Today, the Financial Stability Oversight Council (FSOC) met to discuss money market fund regulation. ICI and the Chairman of the ICI Money Market Working Group made the following statements in response.
Assessing the Impact of Global Regulatory Reform—Are We Best Serving the Markets and Investors? Ari Burstein Senior Counsel, Investment Company Institute and ICI Global November 8, 2012 TradeTech Asia Singapore As prepared for delivery. Thank you, Larry, for that introduction. It is...
In recent months, ICI has continued to engage closely with regulators to share our concerns and suggestions for implementing the Foreign Account Tax Compliance Act (FATCA).
A recently released paper examines the use of amortized cost by money market funds and concludes that its use is appropriate given the short-term, high-quality nature of these funds’ investments. The paper also discusses how use of amortized cost is well supported by more than 30...
ICI Money Market Working Group Statement on Money Market Fund Concepts Under Discussion with the SEC Washington, DC, October 26, 2012 - The Investment Company Institute’s Money Market Working Group, made up of industry leaders, today made the following statement: “ICI and the fund...
