In Case You Missed It: Coverage of House Financial Services Committee Hearing on Funds

By Ianthé Zabel

June 28, 2011

The future of money market funds, how to define “systemic risk” to the financial system, and fiduciary standards for retirement plans were among the topics discussed at a hearing last week before the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises. ICI President Paul Schott Stevens testified at the hearing, along with representatives from ICI member firms Fidelity Management & Research Company  and the Vanguard Group.

The hearing itself drew coverage in the news media, notably the following stories:

• SEC’s Floating-NAV Proposal Slowly Sinking
  InvestmentNews
• U.S. Mutual Funds: We Don’t Pose Systemic Risk
  Reuters
• U.S. House Witness Says Greek Default Not a Risk to Money Funds
  Dow Jones Newswires

Here are a few more items of interest related to the hearing:

• Video Coverage: “Oversight of the Mutual Fund Industry: Ensuring Market Stability and Investor Confidence”
  C-SPAN
• U.S. Money Market Funds and Exposure to Greek Risk

Bloomberg TV

• Could Greek Crisis Affect Money Market Funds?
  NPR Marketplace Radio

Ianthé Zabel is ICI’s Senior Director for Media Relations.

TOPICS: Fund RegulationGovernment Affairs