As the gig economy has grown, so too has concern that a workforce increasingly made up of freelancers, independent contractors, and app-based workers is falling through the cracks of the US retirement...
The ECB's recent blog flawed premise assumes that large asset managers are systemically risky based on size and cross‑border reach, and uses that flawed assumption to justify inappropriate, bank‑style supervision and macroprudential rules.
Despite the broader shift to electronic filing, firms still must prepare, print, assemble, and physically ship massive volumes of documents. ICI has repeatedly urged the IRS to allow electronic filing, noting that for some fund complexes, tax season meant sending boxes—or even truckloads—of paper each year.
Last week, more than 370 operations and technology professionals attended the third annual ICI Innovate conference in Houston to discuss the transformations that AI, digital assets, and other new technologies are driving across the asset management industry.
Operations is sort of key to making all of these rules work. And so it doesn't help much if we're...
Hester Peirce
SEC Commissioner
Panelists in conversation during the Unified Approach: Operations and Technology in Lockstep panel. The Promise and the Peril of AI AI—and how it’s reshaping the future of work—was one of the hottest...
Don't Miss Our Next Conference ICI’s busy 2026 conference season is just kicking off. Don't miss our next conference, the Investment Management Conference (IMC) in Palm Desert, CA, from March 22 to 25...
The SEC’s Form N‑PORT reporting framework has successfully balanced transparency and investor protection by providing regulators with monthly portfolio data while limiting public disclosure to quarterly reports. This approach has made registered funds highly transparent. However, SEC changes adopted in 2024 threaten to upset this balance and could ultimately harm investors.
Unintended Consequences: How Increased Reporting Frequency Can Affect Investors More frequent public disclosure gives market participants additional data points about a fund’s trading strategy...
Public Disclosure: Risks to Investor Costs and Fund Strategies A fund manager’s investment strategy and current holdings are valuable intellectual property, often developed through extensive research...
As Americans gather throughout the year to celebrate the 250th anniversary of the nation’s founding, we are presented with a rare moment to reflect on the ideas and institutions that have shaped our...
Asset management is operating in a period of change shaped by new technologies, evolving market practices, and shifting regulatory priorities. Many of the questions facing firms today are not about whether change is coming, but how it should be implemented within existing legal and operational frameworks. ICI Innovate is designed for that conversation.
The House of Representatives is set to vote on the Financial Stability Oversight Council Improvement Act of 2025. This legislation aims to refine FSOC’s authority, ensuring more targeted and expert-driven regulation while protecting nonbank financial companies from undue regulatory burdens.
In 2020, SEC restrictions on fixed-income cross-trading raised investor costs and reversed decades of effective regulation. The SEC now signals openness to reform, offering a chance to restore efficiency and unlock major savings for investors.
Reports estimate that one in five Americans over the age of 65 has been a victim of financial exploitation, with losses estimated at $2.9 billion annually. It’s a statistic that’s poised to rise as bad actors use sophisticated Generative AI tools to perpetrate increasingly complex financial fraud schemes.
