ICI Global Shadow Banking Task Force Content

On November 10, the Financial Stability Board (FSB) issued a progress report on work to enhance the resilience of non-bank financial intermediation (NBFI). The FSB's NBFI work program, first published as part of its Holistic Review of the March Market Turmoil in November 2020, spans...

In June, the US Department of the Treasury ("Treasury") issued a notice and request for information (RFI) on the possibility of additional post-trade transparency of data for secondary transactions in Treasury securities.[1] On August 19, ICI filed a comment letter discussing member...

[34262] August 18, 2022 TO: ICI Members Money Market Funds Advisory Committee SEC Rules Committee SUBJECTS: Money Market Funds RE: ICI Supplemental Comment Letter on SEC's Proposed Money Market Fund Reforms On August 8, ICI filed a letter with the Securities and Exchange Commission to...

On July 26, William Birdthistle, Director of the SEC's Division of Investment Management, gave a speech on current issues and trends in investment management at the Practicing Law Institute Investment Management 2022 program.

Under the EU Capital Requirements Regulation (CRR), a banking organization must report to supervisory authorities its ten largest exposures to "shadow banking entities which carry out banking activities outside the regulated framework." The European Banking Authority (EBA) has...

Recently, the Board of Governors of the Federal Reserve System ("FRB") issued their annual Financial Stability Report. The report presents the FRB's assessment of the resilience of the US financial system.

Recently, Treasury Secretary Janet Yellen testified about the Financial Stability Oversight Council (FSOC) 2021 Annual Report before the Senate Banking, Housing, and Urban Affairs Committee (on May 10) and the House Financial Services Committee (on May 12).

As we previously informed you, on April 12 the European Commission (Commission) published a targeted consultation on the functioning of the Money Market Fund Regulation (MMFR), which has been fully applicable since January 2019.

Last year, the Securities and Exchange Commission, in a 3-2 party-line vote, proposed amendments to Rule 2a-7 and other rules that govern money market funds under the Investment Company Act of 1940.

The ICI and twenty-four other trade associations submitted a joint letter to SEC Chair Gensler yesterday expressing serious concern that the Commission is not affording sufficient time for meaningful public input into the rulemaking process.