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

To continue reading this article, you need a subscription to view this article

Log in below or buy a subscription to enjoy unlimited access to www.asiaasset.com's quickly growing 7,000 article database.

Log In to Access This Article