The current proposal to implement the Volcker Rule poses a threat to markets and fund investors, ICI and ICI Global said in statements submitted for a House hearing.
At a hearing of the House Subcommittee on Capital Markets and Government Sponsored Enterprises, ICI President Paul Schott Stevens discusses the most pressing issues facing the fund industry.
ICI addresses issues raised by a Senate Permanent Subcommittee on Investigations hearing on mutual fund investment in commodities.