Financial Markets Content

October 9, 2023—As financial services firms around the world institute processes and procedures to align with T+1 implementation in the United States, Canada, and Mexico, the industry should seize this opportunity to establish one-day settlement as the next global standard.

October 3, 2023—There’s a reason that stoplights don’t flash red, yellow and green at the same time—it’s a surefire recipe for collisions and congestion. Overlaps and redundancies between the string of new rule proposals from Chair Gary Gensler’s Securities and Exchange Commission are...

In this letter, we highlight serious concerns with the Council’s approach. As compared with the Current Guidance, the Proposals take a step backward in terms of the rigor required of FSOC’s analyses of perceived risks to financial stability and appear to lower the bar for Council...

In a recent ICI Viewpoints, we promised to briefly revisit some of the concerns we’ve long voiced about the theoretical underpinnings of the first-mover hypothesis. That is, the notion that fund investors may redeem en masse during market downturns to avoid the possibility of other...

Policymakers are laser-focused on a concept in open-ended funds called dilution, suggesting that it poses financial stability risks. In a nutshell, dilution occurs when fund shareholders redeem and the transaction costs of meeting those redemptions—such as bid-ask spreads or the...

ABA, BPI, CBA, FSF, ISDA, ICI, MFA, and SIFMA, a group of trade associations representing broker dealers, banks, asset managers and related financial institutions of all sizes, today issued a statement on the agreement to raise the federal debt ceiling.

ICI Chief Global Affairs Officer and Head of ICI Global Michael Pedroni's statement regarding the European Commission’s proposed Retail Investment Strategy.

ICI concluded its annual Investment Management Conference this week, after convening senior regulatory officials and industry leaders for a robust discussion of the issues facing asset managers today.

Non-bank financial intermediation (NFBI)—encompassing a broad range of capital sources, including broker-dealers, private funds, and open-end funds (OEFs)—is vital for the financing of the real economy, serving as a critical complement to the traditional banking sector. NBFI is...