Recent events in Greece have drawn the media’s attention to indirect exposure that U.S. money market funds may have to European sovereign debt through their holdings of securities issued by European banks.
Given dramatic changes in technology over the last decade, the Department of Labor (DOL) should allow retirement plans to make e-delivery the default method for communicating plan information, ICI said in a recent comment letter. E-delivery will enhance communication and improve the...
Foreign exchange swaps and forwards are contracts that mutual funds and other investors use to help manage their portfolios. ICI members therefore have a strong interest in ensuring the market for foreign exchange (FX) swaps and forwards is highly competitive, efficient, transparent...
The Foreign Account Tax Compliance Act (FATCA) is a law designed to ensure that U.S. persons holding assets through accounts in foreign financial institutions comply with their U.S. tax obligations. In other words, the law aims to crack down on tax evasion through offshore investments...
A key issue for ICI’s Operations team is regulator interest in harmonizing worldwide accounting standards. As Donald Boteler, ICI’s Vice President for Operations and Continuing Education, said in ICI’s latest annual report, “It’s a noble purpose, but it’s a big, big challenge.”
White Paper: Promoting Electronic Delivery of Retirement Documents Will Benefit Participants DOL Should Make E-Delivery the Default Option, Academics Say Washington, DC, June 14, 2011 – The Department of Labor (DOL) should allow defined contribution (DC) plans to make electronic...
The Investment Management Lawyer Keynote Address Fundamentals of Mutual Funds and Exchange-Traded Funds 2011 Practising Law Institute Karrie McMillan, General Counsel Investment Company Institute June 8, 2011 New York, NY As Prepared for Delivery Thank you, everyone, and good morning...
The Investment Company Institute would like to thank the Wall Street Journal for its balanced approach in analyzing the debate over money market fund regulation—providing countervailing views from Yale University Professor Jonathan Macey and Columbia Law School Professor Jeffery...
