Senior officials from the U.S. Treasury Department and the Organization for Economic Cooperation and Development (OECD), along with industry experts, recently engaged in a very informative webinar discussion regarding a model intergovernmental agreement (IGA) for implementing the...
The Financial Times has recently published a story that significantly distorts recent developments around U.S. money market funds and the actions of the U.S. fund industry. Let’s correct the record.
Today, the Securities and Exchange Commission (SEC) issued a proposal to implement an important part of the Jumpstart Our Business Startups Act, or JOBS Act.
ICI Comments on SEC Decision to Halt Official Agency Consideration of Money Market Fund Proposals Washington, DC, August 23, 2012 - In response to Securities and Exchange Commission (SEC) Chairman Mary Schapiro’s statement that the agency will not meet to consider money market fund...
As they’ve examined possible changes for money market funds, regulators have heard from an extraordinary number of businesses, individuals, and organizations who have expressed their support for preserving the key characteristics of these funds.
We’ve spent several days pointing out the myths and misstatements that regulators have put forward in their campaign to impose structural changes on money market funds.
We’ve said it before, and we’ll say it again: One of the most puzzling aspects of regulators’ campaign for changes to money market funds is their ability to ignore the dramatic improvements in these funds resulting from the regulatory reforms that the Securities and Exchange...
The regulators who are campaigning for structural changes in money market funds are building their case in part on distortions, exaggerations, and misunderstandings about money market funds, their investors, and their role in the financial markets.
Bad information can’t give rise to good policy. Unfortunately, the regulators who are campaigning for structural changes in money market funds are building their case on information that is deeply flawed at best.
