Financial Stability Content

Retirement Savers Maintain Commitment Despite COVID-19 Economic Downturn Recordkeeper data covering first half of 2020 show only slight increase in withdrawal activity Washington, DC; August 19, 2020—Americans continued to save for retirement through defined contribution (DC) plans...

COVID-19: How Capital Markets Are Key to Europe’s Recovery By Patrice Bergé-Vincent (As posted in Funds Europe , June 8, 2020) Before COVID-19, the region’s economy already was struggling, with growth of just 0.1 percent in the fourth quarter of 2019. Now, EU policymakers are warning...

ICI Defined Contribution Plan Recordkeeper Data Show Ongoing Commitment to Retirement Saving During COVID-19 Pandemic Washington, DC; May 14, 2020—Americans continued to save for retirement through defined contribution (DC) plans early this year despite uncertain market conditions...

On April 15, the secretariat of the Financial Stability Board (FSB) hosted a conference call with 10 global financial trade associations, including the Investment Company Institute, to gather their insights and experiences from the COVID-19 crisis. I had the opportunity to share some...

Financial Stability Board COVID-19 Trade Association Call Paul Schott Stevens President and CEO Investment Company Institute April 15, 2020 As prepared for delivery. Thank you for the opportunity to join you. The Investment Company Institute represents regulated funds globally. Our...

ICI Statement on Enactment of COVID-19 Relief Package Washington, DC; March 27, 2020— Paul Schott Stevens, president and CEO of the Investment Company Institute, issued the following statement after President Trump signed into law the Coronavirus Aid, Relief, and Economic Security...

ICI Applauds Congressional Action to Provide COVID-19 Relief Washington, DC; March 25, 2020— Paul Schott Stevens, president and CEO of the Investment Company Institute, issued the following statement after the US Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES)...

In just a few hours on March 19, two of America’s largest states—California and Pennsylvania—ordered their 52 million residents to “shelter in place” to help limit the spread of COVID-19. The state of New York, with 20 million residents, followed suit today. Many other jurisdictions...

Financial markets have continued to churn since our previous post, which examined mutual fund investors’ initial reactions to the COVID-19 crisis, with the S&P 500 index and yield on the 10-year Treasury bond gyrating wildly. How have exchange-traded funds (ETFs) weathered the...

The novel coronavirus disease, or COVID-19, is taking a heavy toll on the world economy—in lives, in the costs of responding, and in lost production and consumption. Worldwide financial markets reflect this. For example, in the United States, the Dow Jones Industrial Average hit its...