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ARCHIVE
In Case You Missed It: “A Three-Step Approach to Global Retirement Challenges”
By Stephanie Ortbals-Tibbs
May 8, 2013
Investment & Pensions Asia has just posted a commentary from Dan Waters, ICI Global’s managing director. In the op-ed, Dan sets out a simple framework for addressing a complex topic—how to increase retirement security across the globe. An excerpt:
Countries of every size and economic situation face difficulties related to retirement: aging populations, tight budgets, and policy complexity, among others. Viewed globally, the challenge of retirement security is large and daunting, indeed.
Yet, examining this challenge through a global lens can also serve as a powerful way to find solutions and approaches for moving forward. To tame its more daunting aspects, we can take a simple, three-step approach: honestly assessing our problems, exchanging ideas about solutions, and staying focused on the needs of savers and investors.
As Waters discusses, ICI Global is furthering this discussion by convening retirement experts from around the world at an event—the Global Retirement Savings Conference: The Role of Investment Funds—taking place in Hong Kong in June. The conference program, registration, and more information are available on the ICI Global website.
Stephanie Ortbals-Tibbs is a director for media relations at ICI.
TOPICS: Retirement PolicyICI Global
In Case You Missed It: Chairman White’s GMM Speech
By Mike McNamee
May 3, 2013
The Securities and Exchange Commission has posted Chairman Mary Jo White’s address to ICI’s 55th General Membership Meeting.
TOPICS: ICI GlobalEvents
FTT Would Shut Financial Institutions in Participating Countries Out of Repo Market
By Shelly Antoniewicz and Peter Brady
April 22, 2013
The European Commission has proposed imposing a 0.1 percent (10 basis points) levy on financial transactions. As ICI has detailed, this financial transaction tax (FTT) would have a host of negative consequences, including harm to investors and extraterritoriality.
The Extraordinarily Extraterritorial Proposal to Tax Global Financial Transactions
By Keith Lawson
April 10, 2013
The financial transaction tax (FTT) being considered by several European countries would have an extraordinary extraterritorial effect.
TOPICS: TaxesICI Global
Individual Investors Will Be Harmed by Financial Transaction Taxes
By Keith Lawson
March 27, 2013
A fundamental tenet of the argument for a financial transaction taxes (FTTs) is that individuals would not be harmed.
TOPICS: TaxesICI Global
Securities Lending and Repos: FSB Intrudes on Areas Best Left to National Regulators, Market Forces
By Robert C. Grohowski and Giles Swan
January 17, 2013
The Financial Stability Board (FSB), the international body established by the G20 to promote coordination among authorities responsible for financial stability, has made a number of recommendations toward creating a global policy framework for the securities lending and repurchase agreement (repo) markets.
TOPICS: ICI GlobalFund Regulation
2013 Regulatory Challenges and Trends Facing Global Funds
By Dan Waters
December 28, 2012
ICI Global launched last autumn with 12 members and a mission to serve as a voice for global investment funds and their investors.
TOPICS: ICI Global
One Step Forward for Cross-Border OTC Derivative Regulatory Reform
By Giles Swan
December 6, 2012
International regulators recently published a statement updating the discussions amongst the main global financial centers about the framework that should regulate cross-border over-the-counter (OTC) derivative transactions.
TOPICS: Financial MarketsICI Global
Witnessing Asia’s Potential for Asset Managers
By Dan Waters and Giles Swan
December 3, 2012
Since our launch just over a year ago, ICI Global has made six trips to Asia to meet with regulators, members, and prospective members.
TOPICS: ICI Global
FATCA Must Not Undercut the Advantages That U.S. ETFs Offer Global Investors
By Keith Lawson and Ryan Lovin
November 6, 2012
In recent months, ICI has continued to engage closely with regulators to share our concerns and suggestions for implementing the Foreign Account Tax Compliance Act (FATCA).
TOPICS: TaxesICI Global
More Time Is Needed to Ensure Effective FATCA Implementation
By Keith Lawson
November 6, 2012
On January 1, 2013, various rules implementing the Foreign Account Tax Compliance Act (FATCA) begin to take effect.
TOPICS: TaxesICI Global
Sticking to the Facts of Money Market Fund Regulation
By Dan Waters
October 25, 2012
In a recent column, the Evening Standard’s Anthony Hilton includes money market funds as part of a network he suggests forms “an unregulated zone” with “no oversight.”
The Facts and Principles That Must Guide Money Market Fund Reform
By Dan Waters
October 3, 2012
In Madrid this week, the board of the International Organization of Securities Commissions will choose their course of action on money market funds.
TOPICS: ICI GlobalMoney Market FundsFund Regulation
Transparency and Inclusiveness Are Key to Addressing FATCA Challenges
By Keith Lawson
October 3, 2012
U.S. officials, their counterparts overseas, and representatives from the private sector continue to make impressive headway in implementing the Foreign Account Tax Compliance Act (FATCA).
TOPICS: TaxesICI Global
Regulators and Industry Exchange FATCA Insights at ICI and ICI Global Webinar
By Keith Lawson
August 30, 2012
Senior officials from the U.S. Treasury Department and the Organization for Economic Cooperation and Development (OECD), along with industry experts, recently engaged in a very informative webinar discussion regarding a model intergovernmental agreement (IGA) for implementing the Foreign Account Tax Compliance Act (FATCA). The model IGA, as discussed in an earlier ICI Viewpoints post, was developed by the Treasury Department with the active cooperation of senior tax officials from France, Germany, Italy, Spain, and the United Kingdom.
TOPICS: TaxesICI Global
How the Model Intergovernmental Agreement Reduces FATCA Burdens
By Keith Lawson
August 1, 2012
The U.S. Treasury Department has made significant progress with its July 26 release of a model intergovernmental agreement (IGA) for implementing the Foreign Account Tax Compliance Act (FATCA). This model IGA—developed with the active cooperation of senior tax officials from France, Germany, Italy, Spain, and the United Kingdom—addresses many of the U.S. and global fund industries’ concerns with the substantial compliance burdens placed by FATCA on funds, their distributors, and their investors. ICI and ICI Global applaud this development and look forward to continuing our dialogue with these governments on the FATCA regulations and the IGAs they craft based on the model.
TOPICS: TaxesICI Global
UCITS V—Significant Changes for European Funds and Fund Managers
By Giles Swan
July 3, 2012
Today the European Commission adopted a proposal for revisions to the Undertakings for Collective Investment in Transferable Securities (UCITS) framework, which governs cross-border retail investment funds in Europe.
TOPICS: ICI GlobalFund RegulationInternational
FATCA’s Challenges for Global Investment Funds
By Keith Lawson
May 30, 2012
The rules proposed to implement the Foreign Account Tax Compliance Act (FATCA) pose a number of serious challenges for ICI Global members. ICI Global’s recent comment letter to the U.S. Department of the Treasury and the Internal Revenue Service (IRS) made several recommendations on how the FATCA rules should be amended so that ICI Global’s members—regulated funds that are publicly offered to investors in leading jurisdictions worldwide—can overcome these challenges without compromising the tax compliance benefits contemplated by FATCA.
TOPICS: TaxesICI Global
Proposal to Implement Volcker Rule Raises Significant Issues for Regulated Funds Globally
By Dan Waters
February 14, 2012
Congress enacted the provision of the Dodd-Frank Reform Act known as the Volcker Rule to restrict banks from sponsoring and investing in hedge funds (so-called covered funds) and using their own resources to trade for purposes unrelated to serving clients—something known as “proprietary trading.”
TOPICS: ICI GlobalFund RegulationInternational
A New Voice for Global Investment Funds
By Paul Schott Stevens
October 10, 2011
Over the past two decades, the world has witnessed the rise of asset managers as global financial intermediaries. The fund industry has been at the forefront of this movement, vigorously expanding its international reach and offering investors opportunities to diversify and to access new markets.
TOPICS: ICI GlobalInternational
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