Financial Stability Content

Last month, FINRA filed with the SEC proposed amendments to Rule 2210 (Communications with the Public) (the "rule"). If adopted, the amendments would permit a FINRA member to project the performance or provide a targeted return with respect to a security or asset allocation or other...

Washington, DC, November 3, 2023—Today, Investment Company Institute (ICI) President and CEO Eric Pan released the following statement on the Financial Stability Oversight Council’s (FSOC) vote to adopt an analytic framework for financial stability risk assessment and change the...

On September 2, 2023, ICI Global filed comments with the Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO) regarding their recent Consultations on liquidity risk management in open-ended funds (OEFs). Read more in the comment letter.

On August 21, 2023, ICI submitted a response to the Financial Stability Board's consultation, Enhancing Third-Party Risk Management and Oversight. ICI's letter expresses general support for the overall goals and approach of the FSB's consultation and its use of a toolkit, rather than...

Washington, DC; July 27, 2023—Today, Investment Company Institute (ICI) President and CEO Eric Pan released the following statement on the Financial Stability Oversight Council’s (FSOC) proposals to develop an analytic framework for financial stability risk identification and change...

The Investment Company Institute appreciates this opportunity to comment on two interrelated proposals (Proposals) concerning the Financial Stability Oversight Council’s (FSOC or Council) exercise of its various authorities under the Dodd-Frank Wall Street Reform and Consumer...

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...