Apr 06 21
Investment Company Institute President & CEO Eric Pan spoke earlier this week on Observations About the March 2020 Turmoil and Regulated Funds at The Harvard Law School Forum on Corporate Governance. Pan says, I would like to speak with you today about the discussions US and international policymakers are having about the March 2020 market turmoil and their work to make the financial markets more resilient in the face of a similar liquidity shock. Such work is taking place in international bodies like the Financial Stability Board (FSB) and International Organization of Securities Commissions with the active participation of US financial regulators. For those familiar with the regulatory debates following the 2007-09 global financial crisis, these discussions should give you a sense of dĂŠjĂ vu. Regulated funds, including money market funds and long-term open-end funds, such as bond funds, are being closely scrutinized for syste