ICI Viewpoints Content

ICI issued the following statement in support of H.R. 6616, a bill introduced by Representative Tom Price (R-GA) and designed to protect American investors from the application of extraterritorial financial transaction taxes.

The Wall Street Journal continues its efforts to tar money market funds with the stigma of “bailout” and to impose a solution that will destroy a product that plays a key role in financing the economy (“Liberating Money Funds,” Review & Outlook, November 19).

With the recent action from the Financial Stability Oversight Council, money market funds are receiving extra attention these days from the news media. Unfortunately, we still see instances where the coverage falls short. Stories and commentary continue to repeat myths and...

Should the time between the execution of securities trades and settling payment be reduced in U.S. markets? The Depository Trust & Clearing Corporation (DTCC)—the financial industry utility that processes securities transactions, including those for the fund industry—has recently...

Money market funds provide important short-term funding for the U.S. economy: these funds hold a total of $2.5 trillion in Treasury and agency securities, repurchase agreements, and other financial instruments.

ICI President and CEO Paul Schott Stevens issued the following response to today’s meeting of the Financial Stability Oversight Council (FSOC): Regrettably, today’s action by the FSOC fails to advance the debate over how to make money market funds more resilient in the face of...

On January 1, 2013, various rules implementing the Foreign Account Tax Compliance Act (FATCA) begin to take effect.

In recent months, ICI has continued to engage closely with regulators to share our concerns and suggestions for implementing the Foreign Account Tax Compliance Act (FATCA).

A recently released paper examines the use of amortized cost by money market funds and concludes that its use is appropriate given the short-term, high-quality nature of these funds’ investments. The paper also discusses how use of amortized cost is well supported by more than 30...

In a recent column, the Evening Standard’s Anthony Hilton includes money market funds as part of a network he suggests forms “an unregulated zone” with “no oversight.”