Washington, DC; June 25, 2025—Today, Investment Company Institute (ICI) President and CEO Eric Pan released the following statement regarding the Federal Reserve Board’s proposal to change the enhanced supplementary leverage ratio (eSLR) for banks. “We welcome today’s announcement...
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...
Washington, DC, August 28, 2024—Today, Investment Company Institute (ICI) President and CEO Eric Pan released the following statement regarding the Securities and Exchange Commission’s (SEC) vote to adopt changes to Form N-PORT reporting requirements and liquidity risk management...
Open-end long-term mutual funds (“funds”) have a long history of successfully managing liquidity, enabling them to meet shareholder redemptions in a timely manner while pursuing their investment objectives. Over the past four decades, 99.94% of these funds have met redemptions...
Brussels, Belgium; December 20, 2023—Today, ICI Global welcomed the Financial Stability Board (FSB) and the International Organization of Securities Commissions’ (IOSCO) final reports on open-end fund liquidity risk management. Michael Pedroni, Head of ICI Global, released the...
Non-bank financial intermediation (NFBI)—encompassing a broad range of capital sources, including broker-dealers, private funds, and open-end funds (OEFs)—is vital for the financing of the real economy, serving as a critical complement to the traditional banking sector. NBFI is...
Washington, DC; February 14, 2023—Investment Company Institute (ICI) President and CEO Eric Pan released the following statement regarding the Securities and Exchange Commission’s (SEC) proposal to amend open-end fund liquidity risk management programs and impose mandatory swing...
Washington, DC; September 14, 2022—Today, ICI President and CEO Eric Pan released the following statement on the Securities and Exchange Commission’s (SEC) proposed standards for covered clearing agencies with respect to their clearance of trades involving US Treasury securities: “ICI...
Brussels; November 25, 2021—ICI Global Chief Counsel Jennifer Choi issued a statement today on the European Commission’s publication of the Capital Markets Union (CMU) package. Summary Comment We welcome progress on the Capital Markets Union and are committed to working with...
ICI Applauds SEC Action to Amend Liquidity Disclosures and Propose a New Rule for Exchange-Traded Funds Washington, DC; June 28, 2018— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement on action taken today by the Securities and...
