One item discussed at ICI’s 2011 Money Market Funds Summit this week was how recent reforms adopted by the Securities and Exchange Commission (SEC) have made money market funds more resilient and ready to face future periods of severe market stress. The charts below, which we...
Despite the financial ups and downs of recent years, 401(k) participants have proven themselves both steady and committed to retirement saving. ICI has a window into this commitment thanks to our surveys, conducted since 2008, of a cross section of recordkeeping firms representing a...
Welcoming Remarks 2011 Money Market Funds Summit Investment Company Institute Edward C. Bernard Chairman, Investment Company Institute Vice Chairman, T. Rowe Price Group, Inc. May 16, 2011 St. Regis Hotel Washington, DC As Prepared for Delivery Good morning. I’m Ed Bernard, Vice...
A World Without Money Market Funds? Money Market Fund Summit Investment Company Institute F. William McNabb III Chairman & CEO Vanguard May 16, 2011 St. Regis Hotel Washington, DC Thank you, Ed, and good morning everyone. I want to start by thanking ICI for facilitating this forum...
Later today, the Securities and Exchange Commission will hold a roundtable on money market funds and systemic risk. ICI Chief Economist Brian Reid will be one of the panelists at the roundtable, which should be an interesting discussion. Ahead of that discussion, here are four key...
ICI Study: Data from More Than 23 Million Defined Contribution Accounts Show Commitment to Saving Washington, DC, May 10, 2011 - ICI’s latest quarterly study based on defined contribution (DC) plan recordkeeper data from more than 23 million DC plan participant accounts shows 401(k)...
Opinion - The Ever-Evolving Process of Risk Oversight By: Dorothy A. Berry As published in BoardIQ on May 10, 2011 Guest columnist Dorothy A. Berry is chair of the Independent Directors Council. Berry is an independent director of PNC Funds and independent chair of Professionally...
The Wall Street Journal’s lead editorial today used a flawed analysis to mischaracterize money market funds and the recent efforts to make them more resilient in extreme market conditions. ICI President and CEO Paul Schott Stevens has submitted a letter to the editor in print and...
