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ICI Establishes Money Market Working Group

ICI Establishes Money Market Working Group Senior Executives Will Recommend Improvements in Practices, Regulation, and Law Washington, DC, November 4, 2008 - The Investment Company Institute today announced the formation of a panel of fund industry leaders with a broad mandate to...
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ICI Commends Fed Move to Ease Credit

ICI Commends Fed Move to Ease Credit Washington, DC, October 21, 2008 - ICI President and CEO Paul Schott Stevens today released the following statement in response to the Federal Reserve's announcement of creation of the Money Market Investor Funding Facility, a new facility to...
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Of Black Swans and Money Funds

Opening Address ICI Equity, Fixed-Income & Derivatives Markets Conference Of Black Swans and Money Funds Paul Schott Stevens President & CEO Investment Company Institute October 6, 2008 Grand Hyatt, New York, NY Good morning. I’m Paul Stevens, president and CEO of the Investment...
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Andrew J. Donohue Addresses Conferees

Overview of Remarks by Andrew J. Donohue Though equity markets have been volatile and receiving the most press, Andrew Donohue, Director, Division of Investment Management of the SEC said that during these “truly extraordinary times,” the credit markets and the lack of liquidity have...
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Institute Letter on IOSCO Point of Sale Issues Paper (pdf)

October 3, 2008 Via Regular Mail and Electronic Mail Mr. David Grim, Esq. Assistant Chief Counsel Division of Investment Management U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Dear Mr. Grim: The Investment Company Institute1 (“Institute”) welcomes...
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ICI Welcomes Treasury's Money Market Fund Guarantee Program

ICI Welcomes Treasury's Money Market Fund Guarantee Washington, DC, September 29, 2008 - Investment Company Institute President and Chief Executive Officer Paul Schott Stevens issued the following statement: "We welcome the Treasury Department's announcement this morning about the...
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ICI Statement On Treasury, Fed Market Measures

ICI Statement On Treasury, Fed Market Measures Washington, DC, September 19, 2008 - ICI President and CEO Paul Schott Stevens issued the following statement in response to measures announced today by U.S. Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S...