In her testimony at a hearing today before the Senate Banking Committee, Securities and Exchange Commission (SEC) Chairman Schapiro made this statement. “Based on an SEC staff review, sponsors have voluntarily provided support to money market funds on more than 300 occasions since...
Today, I provided ICI’s views on the state of the money market fund industry at a hearing of the Senate Banking Committee, “Perspectives on Money Market Mutual Fund Reforms.” My message to legislators was clear: Persistently viewing money market funds through the narrow prism of 2008...
If you’re like most investors, money market funds mean stability, liquidity, and convenience. Yet, some of these hallmark features could become a thing of the past if the Securities and Exchange Commission (SEC) imposes redemption restrictions on money market funds. How would these...
ICI Study: Cost, Operational Complexities of Redemption Restrictions Would Drive Investors, Intermediaries From Money Market Funds Washington, DC, June 20, 2012 - Redemption restrictions that the Securities and Exchange Commission (SEC) is contemplating for money market funds would...
As the eurozone debt crisis began to intensify last summer, prime money market funds took steps to gradually reduce their overall holdings of eurozone issuers.
DC High School Students and Schools Win ICI Education Foundation Awards in 2012 National Financial Challenge Washington, DC, June 12, 2012 - The Investment Company Institute Education Foundation (ICIEF) announced today that five Washington, DC high school students and three high...
ICI Hires George Shevlin as Political Affairs Officer Veteran Capitol Hill Staffer to Manage Political Program Washington, DC, June 11, 2012 - The Investment Company Institute (ICI) today announced that George Shevlin has been hired as the new Political Affairs Officer. ICI is the...
