Financial Stability Content

Washington, DC, June 3, 2025—Today, Investment Company Institute (ICI) President and CEO Eric J. Pan released the following statement after the Financial Stability Oversight Council Improvement Act was introduced by Representatives Bill Foster (D-IL) and Bill Huizenga (R-MI). The...

The Investment Company Institute submitted the attached letter expressing its views on the Financial Stability Board’s consultation on leverage in non-bank financial intermediation. Read more in the comment letter.

VIEW AS PDF In late November 2024, the Bank of England published the results of its first system-wide exploratory scenario (SWES) exercise—a year-long effort to model how various financial entities, including non-bank financial intermediaries (NBFIs) and banks, would respond to a...

The Investment Company Institute submitted a Comment Letter to the Financial Stability Board supporting their consultation on the Format for Incident Reporting Exchange (FIRE). Read more in the comment letter.

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...

Summary: Central bankers and finance ministries have increasingly equated the size and growth of the non-bank financial intermediation (NBFI) space with increased financial stability risks. Their rhetoric is not supported by data. In absolute terms, NBFI has grown over the past decade...

ICI Global provided comments on the Financial Stability Board’s consultation on Liquidity Preparedness for Margin and Collateral Calls. Comments were based on the perspective of ICI Global members and regulated funds. Read more in the comment letter.

Brussels, Belgium; December 20, 2023—Today, ICI Global welcomed the Financial Stability Board (FSB) and the International Organization of Securities Commissions’ (IOSCO) final reports on open-end fund liquidity risk management. Michael Pedroni, Head of ICI Global, released the...