Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Does the FSB Matter to Your Fund Firm? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 29, 2015

Does the FSB Matter to Your Fund Firm?

News summary by MFWire's editors

Is the FSB's plan to determine whether asset managers in the mutual fund business "fundamentally flawed?" It is according to Fidelity's top executives.

In its public comment reported on Bloomberg, Fidelity's comment said the Financial Stability Board's plan is "out of step with other regulators, academics and industry experts."

While the FSB and FSOC and "too-big-to-fail" are terms one heard frequently at the ICI's recent GMM and sees covered in the major papers, there is a different question for most fund firms: does the issue really matter for typical fund firm?

From a competitive perspective, the rules would put the largest U.S. asset managers on the same playing field as the world's major banks. Unfortunately it would do so by hobbling the fund without materially protecting or helping fund shareholders.

Of course, smaller fund shops, those unaffiliated with banks and boutiques would remain unhobbled. That may make the European driven rules a good thing for most fund firms that have to compete with the behemoths. But you won't hear that analysis from the ICI (or the SEC).

Finally, anyone looking to read more about the issue should head over to SEC Commissioner Michael Piwowar speech at the ICI's Mutual Funds and Investment Management Conference last March. 

Edited by: Sean Hanna, Editor in Chief


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use