Financial Stability Content

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...

ICI was honored to host the Chair of the Securities and Exchange Commission, Gary Gensler, at our annual Leadership Summit and to hear from him about his priorities. Appearing virtually, Gensler spoke at length about financial stability and his agenda regarding open-end funds. However...

ICI's response to the Financial Stability Board's (FSB) consultative document on Achieving Greater Convergence in Cyber Incident Reporting (CIR) is summarized below. The FSB's consultative document invited feedback on three areas: Challenges to achieving greater convergence in CIR...

The onset and lingering effects of the global COVID-19 pandemic have created financial stresses throughout the US economy. Saving and investing are long-term goals, which can be disrupted by short-term financial storms. When household balance sheets shrink, some may be spurred to save...

Since the onset of the COVID-19 pandemic in spring 2020, American households faced numerous disruptions and financial stress. In March 2020, policymakers acted to allow easier access to retirement accounts to help Americans impacted by COVID-19 through the difficult financial times...