Financial Stability Content

After the global financial crisis, the Dodd-Frank Act of 2010 set up a regulatory framework to identify and mitigate threats to financial stability. Since then, regulators and industry have taken many actions to make financial markets and market participants more resilient. Yet a new...

In the past year, regulators have expressed concerns that regulated funds with a mandate to invest in investment grade corporate bonds might pose risks to financial stability. A case in point is the Bank for International Settlements’ (BIS) March 2019 Quarterly Review. The only way...

FSOC’s Proposals Would Promote Financial Stability, Not Undermine It By Paul Schott Stevens (As published in American Banker , June 28, 2019) Washington watchers often seem to have only one scale for measuring the regulations that govern our markets and economy: more versus less...

The Investment Company Institute (ICI) today offered strong support for the Financial Stability Oversight Council’s (FSOC) proposal on treatment of potential systemic risk among nonbank financial companies, in a comment letter to FSOC.

May 13, 2019 Financial Stability Oversight Council Attn: Mark Schlegel 1500 Pennsylvania Avenue, NW Room 2208B Washington, D.C. 20220 Re: Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (RIN 4030-AA00) Dear Members of the Council: The Investment...

ICI President and CEO Paul Schott Stevens testified before the US Senate Committee on Banking, Housing, and Urban Affairs today at a hearing examining Financial Stability Oversight Council (FSOC) designations of nonbank financial companies as systemically important financial...

ICI President and CEO Paul Schott Stevens issued the following statement after today’s actions by the Financial Stability Oversight Council (FSOC), which would implement significant changes to the treatment of potential systemic risks among nonbank financial companies: “We welcome the...

1 February 2019 Submitted electronically to consultation-08-2018@iosco.org Dr. Shane Worner International Organization of Securities Commissions Calle Oquendo 12 28006 Madrid Spain Re: Public Comment on IOSCO Report: Leverage Dear Dr. Worner: ICI1 appreciates the opportunity to...

Financial stability concerns are being inflated by confusion over what the funds in question actually hold. In fact, these funds invest nearly half their assets in Treasury and agency securities, and less than one-third in corporate bonds. In other words, these funds hold more in...

ICI’s Paul Schott Stevens Discusses EU Capital Markets In an interview with Vincent Wall on Newstalk's Breakfast Business program, ICI President and CEO Paul Schott Stevens discusses how the stance of European Union (EU) regulators, as well as the United Kingdom’s departure from the...