The debate over raising the UCITS 10% single-issuer limit for securitisations highlights a broader challenge facing Europe’s capital markets. While policymakers seek deeper capital markets, greater investment, and diverse sources of financing for the real economy, there remains a reluctance to embrace the level of risk-taking that market-based finance requires.
Europe cannot build deeper securitisation markets by encouraging issuance alone; it also needs rules that allow investors to participate at meaningful scale. The UCITS 10% single-issuer limit was...
The growing debate over whether to raise the UCITS 10% single-issuer limit for securitisations reveals a lot about Europe’s relationship with risk. Europe wants deeper capital markets, more investment...
President and CEO Eric J. Pan released the following statement regarding the Japanese government's Financial Services Strategy to Promote Growth Investment: Upgrading “Promoting Japan as a Leading Asset Management Center,” which was published as part of Japan’s broader suite of economic and fiscal reforms for 2026.
At an ICI event bipartisan SAFER Act, Representatives Sam Liccardo (D-CA) and Mike Lawler (R-NY) joined ICI leaders to make the case for a federal solution to the problem of state unclaimed property laws that can treat buy-and-hold investors as though they have disappeared.
Representatives Sam Liccardo (D-CA) and Mike Lawler (R-NY) joined ICI leaders to highlight the need to protect long-term investors from unfair state unclaimed property laws. When states prematurely...
Representative Mike Lawler (R-NY) speaks at an ICI event about the SAFER Act. Millions of American investors have adopted the advice given by financial advisors to invest for the long term and then...
ICI President and CEO Eric J. Pan issued a statement in response to a Securities and Exchange Commission rule proposal to allow funds to deliver documents to shareholders electronically on a default basis.
Tokenization could change how securities and fund shares are issued, held, transferred, and traded. Yet much of the policy discussion has focused on the technology and the markets broadly, without fully examining what these changes could mean for regulated funds and their investors.
The tokenization of securities has evolved greatly over the past year, and a new paper from the ICI, Tokenization: An Asset Management Perspective, examines the implications and opportunities for registered funds and their investors.
ICI President and CEO Eric J. Pan issued a statement regarding the Commodity Futures Trading Commission’s final rule amending margin requirements for uncleared swaps.
Long-term investors often check their accounts only occasionally, reflecting a common buy-and-hold strategy. However, some states are adopting inactivity standards that can trigger the seizure and liquidation of securities accounts, even when the investor has not abandoned the assets.
Unclaimed property laws should protect truly abandoned assets without penalizing investors who intentionally hold securities for the long term. Florida strengthened its law to better distinguish...
Millions of Americans buy mutual funds, ETFs, stocks, and other securities with the intention of holding them for years. They may not log in often. They may not trade. They may not check their...
Defined contribution retirement plans have played a critical role in democratizing access to investing in the US. In 2025, approximately 80 million (about 60% ) US household held DC plan accounts. For many Americans, these plans represent not only a vehicle for retirement saving but also their primary introduction to investing in the capital markets.
