Financial Stability Content

Policymakers around the globe are studying the turmoil in March 2020 related to the COVID-19 pandemic to determine what happened and why. Similar work is being done by academics and other analysts. Bond mutual funds have been one area of focus, and policymakers will be considering the...

Since the onset of the global COVID-19 pandemic in spring 2020, US households have experienced disruptions and financial stress. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted March 27, 2020, provided penalty relief and increased flexibility in retirement plan...

For the 2020 Annual Report to Members , three members of ICI’s leadership sat down to share their thoughts on how the Institute and the fund industry have navigated the COVID-19 crisis. Below is an abridged version of their discussion. To read the full roundtable, please see ICI’s...

Below is an abridged version of a conversation with Paul Schott Stevens, ICI’s longest-serving chief executive, who retired at the end of 2020. As he neared the end of his 16 years of service, he sat down with ICI staff to discuss the events of his tenure. To read the full Q&A, please...

Below is a letter by ICI Chairman George C. W. Gatch that was released in ICI’s 2020 Annual Report to Members . 2020 will go down in history as a year that none of us can ever forget—no matter how much we would like to. It was a year of turmoil, fear, and reckoning. Yet for the...

UCITS Weathered COVID-19 Market Crisis Well New ICI Survey Shows Funds Met Redemptions and Used Varying Approaches to Address Challenges amid Stressed Credit Markets Washington, 17 December 2020—UCITS managers responded to challenges created by the COVID-19-related market turmoil in...