Financial Markets Content

Regulatory alarm about hidden risk in the Treasury futures market misses the point, fund association execs write. by Paul Cellupica and Sean Collins ( As published on Risk.net, August 19, 2024) Financial regulators in the US have recently expressed worries over the growing use of...

ICI Global provided comments in response to the Call for Evidence from the European Securities and Markets Authority (ESMA) on the UCITS Eligible Assets Directive (UCITS EAD). Key messages to ESMA were: The importance of striking a balance between (1) preserving the existing framework...

On August 12, 2024, ICI submitted a comment letter to the US Department of the Treasury ("Treasury") on the "Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector" (the "RFI"). In the RFI issued on June 12th, Treasury...

Custodians play a vital role in financial markets, reinforcing trust and serving investors by safeguarding assets. Existing practices in the custody business are longstanding and function exceptionally well. Yet the Securities and Exchange Commission (SEC) wants a sweeping expansion...

As financial services firms around the world institute processes and procedures to align with T+1 implementation in the United States, Canada, and Mexico, the industry should seize this opportunity to establish one-day settlement as the next global standard. [1] The move by North...

There’s a reason that stoplights don’t flash red, yellow and green at the same time—it’s a surefire recipe for collisions and congestion. Overlaps and redundancies between the string of new rule proposals from Chair Gary Gensler’s Securities and Exchange Commission are creating the...

The Investment Company Institute appreciates this opportunity to comment on two interrelated proposals (Proposals) concerning the Financial Stability Oversight Council’s (FSOC or Council) exercise of its various authorities under the Dodd-Frank Wall Street Reform and Consumer...

In a recent ICI Viewpoints, we promised to briefly revisit some of the concerns we’ve long voiced about the theoretical underpinnings of the first-mover hypothesis. That is, the notion that fund investors may redeem en masse during market downturns to avoid the possibility of other...