Clouds Overhead: Financial Regulation After the Crisis General Counsel’s Address Mutual Funds and Investment Management Conference Karrie McMillan General Counsel Investment Company Institute March 19, 2012 Phoenix, AZ As prepared for delivery Good morning to...
Preserving the Value of Money Market Funds for Investors and the Economy Money Market Expo Paul Schott Stevens President and CEO Investment Company Institute March 12, 2012 Orlando, FL As prepared for delivery. Good morning. Thank you, Brian [Kalish, co-chair of conference], for that...
ICI Names Kathleen Joaquin as Chief Industry Operations Officer Washington, DC, March 7, 2012 - Kathleen C. Joaquin has been named Chief Industry Operations Officer at ICI, promoted from her position as Director, Operations and Distribution at the Institute. In her new role, she will...
As a banking regulator who was in office during the worst banking crisis since the Great Depression, Sheila Bair knows that banks and money market funds are not the same. Yet in her recent Huffington Post piece, Bair blurs vital distinctions in an effort to convince the reader that...
The Commodity Futures Trading Commission (CFTC) recently finalized a rule—known as Rule 4.5—that will require many advisers to mutual funds that invest in commodity futures, commodity options, and swaps to register with the agency. This development is deeply troubling for at least two...
Advocates for further regulation of money market funds string together a loose chain of arguments to create the impression that money market funds are bank products, rather than investment securities. From this, they conclude that these funds need bank-like regulation. Sallie...
Securities and Exchange Commission Chairman Mary Schapiro took aim at money market funds again today, this time lamenting “the hue and cry being raised by the industry” against the proposals that she champions.
In the past year, many commentators have charged that exchange-traded funds (ETFs) are responsible for driving stock market volatility to unprecedented extremes.
Securities of eurozone issuers accounted for 14.0 percent of assets of U.S. prime money market funds in January, up from 11.9 percent in December (chart). This increase was driven by a rise in French assets (up from 3.2 percent to 4.6 percent) and by a rise in asset holdings of other...
