Financial Services Legislation Content

ICI Comments on Financial Stability Oversight Council’s Changes to Designation Process Washington, DC, February 5, 2015— Investment Company Institute (ICI) President and CEO Paul Schott Stevens made the following statement today on the changes adopted February 4 by the Financial...

ICI President and CEO Paul Schott Stevens made the following statement about the new rules for money market funds approved by the U.S. Securities and Exchange Commission...

February 10, 2014 Melissa D. Jurgens Secretary Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street, NW Washington, DC 20581 Re: Aggregation of Positions (RIN 3038-AD82) Dear Ms. Jurgens: The Investment Company Institute (“ICI”)1 is submitting this letter in...

ICI Comment on Final Volcker Rule Washington, DC, December 10, 2013 - ICI President and CEO Paul Schott Stevens issued the following statement in response to the final Volcker Rule release as approved by the Securities and Exchange Commission and other U.S. regulators: “At more than...

Study on Asset Management ‘Falls Far Short,’ Says ICI ICI Letter to SEC Calls for Withdrawal of Study by Office of Financial Research; Cautions FSOC Against Relying Upon Study Washington, DC, November 4, 2013 - A recent report on the asset management industry by the U.S. Treasury...

November 1, 2013 Ms. Elizabeth M. Murphy Secretary U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Public Feedback on OFR Study on Asset Management Issues (SEC File No. AM-1) Dear Ms. Murphy: The Investment Company Institute1 greatly appreciates...

ICI President and CEO Paul Schott Stevens made the following statement today as ICI filed its comment letter on the Securities and Exchange Commission’s money market fund regulatory proposal:

American Bankers Association American Council of Life Insurers American Land Title Association American Securitization Forum Association of Mortgage Investors Credit Union National Association Financial Services Roundtable Housing Policy Council Independent Community Bankers of...

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Dear Members of Congress, Numerous communities across the country are considering entering into an agreement with an investment fund called Mortgage Resolution Partners (MRP) that envisions using a municipality’s eminent domain power to acquire performing but underwater mortgage loans...