ICI opposes new G-SIFI regulations
Category: Asia, Asia-Pacific
By Hui Ching-hoo
Designation of regulated funds like US mutual funds as “global systemically important financial institutions” (G-SIFIs) is neither necessary nor appropriate, ICI Investment Company Institute (ICI) says in a comment letter to the Financial Stability Board. The consequences of designating such funds “would be highly adverse to the designated fund, its investors, the overall fund marketplace and fund investing at large,” ICI says
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