COVID-19 Content

The onset and lingering effects of the global COVID-19 pandemic have created financial stresses throughout the US economy. Saving and investing are long-term goals, which can be disrupted by short-term financial storms. When household balance sheets shrink, some may be spurred to save...

Since the onset of the COVID-19 pandemic in spring 2020, American households faced numerous disruptions and financial stress. In March 2020, policymakers acted to allow easier access to retirement accounts to help Americans impacted by COVID-19 through the difficult financial times...

ICI and its members are committed to working with international policymakers, especially through the FSB and IOSCO, to strengthen money market funds.

Even as the market turmoil triggered by strict government mandates and social distancing due to the COVID-19 health crisis raged in March 2020, ICI started studying how registered funds weathered the crisis. As the dust settled, we quickly identified a key factor that exacerbated...

New analysis by ICI shows that prime money market funds did not pull back significantly from the commercial paper market during the height of the market turmoil and “dash for cash” triggered by the COVID-19 health crisis in March 2020.

The evidence about what happened to financial markets in March 2020 is still far too mixed and preliminary to conclude that new regulation is appropriate for bond mutual funds.