Financial Innovation Advisory Committee
The Financial Innovation Advisory Committee (FIAC) will serve as ICI’s primary forum for asset management leaders to collaborate in better understanding the impact of emerging technologies on the asset management industry. More specifically, FIAC will focus on assessing the near-term and long-term impacts of a key set of emerging technologies in select business areas. FIAC’s mission is to promote dialogue on, among other things, the regulatory and operational challenges and opportunities associated with those technologies and how they can best serve investors, as well as help guide ICI’s advocacy on innovation-related policy initiatives.
Key Issues of Interest
- Emerging Technologies Scope. Examining and demystifying the transformative potential of key innovative technologies, focusing on three broad categories of technologies with flexibility to include new categories as the landscape evolves.
- Artificial Intelligence (e.g., Generative AI, Intelligent Automation, Agentic Architectures)
- Blockchain/DLT (e.g., tokenization, stable coin, smart contracts)
- Next generation Infrastructure (e.g., cloud, quantum computing)
Committee Meetings
The Financial Innovation Advisory Committee holds committee meetings or conference calls as needed.
Committee Members
Membership Information
Each member firm may have up to two representatives on the Financial Innovation Advisory Committee. Nonmembers may participate on the committee at the staff liaison’s request.
Committee members should be technology experts, regulatory specialists, innovation leaders and operational innovators. These members are expected to bring diverse expertise and perspectives to the committee, enhancing their ability to address the transformative impact of emerging technologies on the asset management industry.
Colleague Access
Colleague Access gives committee representatives the ability to designate co-workers (i.e., non-committee members) to view committee memos and materials online, receive notification of memos addressed to the committee via ICI Digest and participate in committee calls and meetings.
As committees may deal with confidential policy topics involving draft comment letters and conference calls, ICI limits the number of colleagues per firm who can be designated for Colleague Access. Only committee representatives (not alternates or substitutes) can activate Colleague Access, and colleagues must be employed by the committee member’s firm.
Financial Innovation Advisory Committee representatives may designate a total of two individuals for Colleague Access.