Money Market Funds Content

During the global financial crisis (GFC) and the COVID crisis, as financial markets experienced severe stress, investors withdrew large sums from institutional prime money market funds (MMFs) (Figure 1). Following these events, regulators introduced reforms aimed at strengthening...

VIEW AS PDF In late November 2024, the Bank of England published the results of its first system-wide exploratory scenario (SWES) exercise—a year-long effort to model how various financial entities, including non-bank financial intermediaries (NBFIs) and banks, would respond to a...

VIEW AS PDF In response to pandemic-induced stress in money markets three years earlier, the Securities and Exchange Commission (SEC) adopted rule amendments in July 2023 that required significant changes to prime money market funds (MMFs). 1 While strengthening the resiliency of MMFs...

ICI President's Address Eric J. Pan President and CEO Investment Company Institute ICI Investment Management Conference Palm Desert, California March 19, 2024 “ Another Century of Progress: How ICI Is Advocating for Investors and Against Over-Regulation” INTRODUCTION: A CENTURY OF...

In this letter, ICI Global provided feedback to the Financial Conduct Authority (FCA) on its consultation paper on updating the regime for money market funds (MMFs). ICI’s members include mutual funds, UCITS, and exchange-traded funds, and similar funds offered in jurisdictions around...

On January 17, 2024, Investment Company Institute (ICI) submitted comments to the Commodity Futures Trading Commission (CFTC) regarding its proposed amendments to Regulation 1.25 under the Commodity Exchange Act (CEA), which specifies permitted investments ("Permitted Investments") by...

On December 15, 2023, ICI and ICI Global filed a cover note and response to the European Securities Market Authority's (ESMA) call for evidence on shortening the settlement cycle (Call for Evidence). Summary of ICI and ICI Global's Response Through the Call for Evidence, ESMA is...