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

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

Rating:The Most Important Financial Markets Development Since WWII? Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 30, 2020

The Most Important Financial Markets Development Since WWII?

News summary by MFWire's editors

"The rise of fund investors has been the most important development in the financial markets since the end of World War II."

Paul Schott Stevens
Investment Company Institute
President, CEO
So argues Paul Schott Stevens, the president and CEO of the Investment Company Institute (ICI), in an interview with InvestmentNews. On Tuesday, Stevens publicly confirmed that he will retire from the trade group at the end of the year. (The board is conducting a search for his successor.)

In the interview, Stevens, who has led ICI for 16 years, reflects on his tenure and on the growth of the industry: despite the financial crisis, the industry has nearly tripled in AUM since he started.

"We have succeeded wildly in terms of attracting invesetor money in the United States and as a global phenomenon," Stevens tells InvestmentNews. "With all that success comes much more scrutiny and much greater responsibility. When regulators ask us, are we managing liquidity appropriately, are we managing leverage appropriately ... are we managing risk to the financial system, we understand these are legitimate questions to be asking an industry of our size and scope."

Stevens argues that trying "to bring facts to the table," in part through ICI's lobbying efforts, is a key part of the trade group's role.

"I've always found in Washington that facts sometimes are in short supply," Stevens tells the pub. "People have convictions but they don't always have facts."

In the interview, Stevens also touches regulatory topics like 12b-1, reg BI, and the fallen DoL fiduciary rule. 

Edited by: Neil Anderson, Managing Editor

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

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use