A recent opinion article from the Bloomberg Editorial Board writes that changes to the enhanced supplementary leverage ratio (eSLR) would leave banks less resilient when unrealized losses occur on long-term Treasuries. However, the editors are taking a narrow view of the proposed...
July marks the 15th anniversary of the passage of the Dodd–Frank Act, the landmark regulatory reform package intended to prevent future financial crises and modernize federal consumer protection laws. While Dodd–Frank instituted necessary reforms that helped enhance investor...
With the One Big Beautiful Bill Act now signed into law, America’s investors, savers, and fund shareholders have reason to celebrate. The final legislation delivers important outcomes for retirement savers, fund shareholders, and the broader investing public. From protecting the tax...
The 65 th edition of the Investment Company Fact Book is now available, highlighting more than 300 statistical reports, 26 research and policy publications, and issue-specific analysis from ICI’s Research Department. For the first time, Fact Book now features a data visualization...
ICI President and CEO Eric J. Pan addressing attendees on the first day of ICI’s 2025 Leadership Summit. ICI's 2025 Leadership Summit brought together asset management executives and leaders in technology, law, and public policy for two days of insightful panels and timely discussions...
Every April, we celebrate Financial Literacy Month in the United States. But let’s be honest: there’s little cause for celebration when only 1 in 3 adults globally can answer basic financial questions. Even in the world’s most advanced economies, nearly half the population lacks the...
Data is central to the work we do in ICI Research. We collect it from our members, download it from government websites, and purchase it from third-party vendors. We clean it, analyze it, and tabulate it. And then, we put it into research reports, blog posts, regulatory comment...
Overview One of the most enduring questions in finance is the puzzle of why closed-end funds (CEFs) trade at a discount to their net asset values (NAV). Despite nearly 60 years of academic research, [1] the issue remains unsettled. [2] The issue is at the center of a current policy...
As Tax Day nears, ICI’s recently released research report on individual retirement accounts (IRAs) highlights their growth as tax-advantaged retirement savings vehicles. Introduced 50 years ago when the Employee Retirement Income Security Act (ERISA) was signed into law in September...
Acting SEC Chairman Mark Uyeda gives the keynote remarks on the first day of ICI’s Investment Management Conference. Photo credit: Adam Auel. The 2025 Investment Management Conference (IMC) concluded in San Diego on March 19 after three days of insightful discussions and industry...
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