Securitisation and the Market Integration and Supervision Package in Europe is discussed in this op-ed as both being required for the Savings and Investments Union to turn savings into productive investments.
In an op-ed by ICI President and CEO Eric J. Pan explains that features like redemption limits are not signs of stress, but core design elements that help these funds manage less liquid assets, treat investors fairly, and avoid forced sales during periods of market volatility. It also reinforces how these structures fit within a broader portfolio approach to long-term investing.
An op-ed by ICI General Counsel Paul Cellupica published in the Financial Times explains how an outdated voting framework is imposing significant costs on funds and investors, while proposing practical reforms to modernize the system and maintain strong shareholder oversight.
Across the country, families are still feeling squeezed after the pandemic-era inflation. Prices remain high, mortgage rates are elevated, and many communities struggle to attract the investment they...
(Originally published in Barron's October 2, 2025) Mutual funds have long been the investment vehicle of choice for middle-class Americans saving for retirement, college, or homeownership. They are...
Regulated funds are the natural bridge to allow individuals greater access By Eric J. Pan ( Originally published in the Financial Times on April 1, 2025) The challenge ahead for Donald Trump’s nominee for chair of the Securities and Exchange Commission is to show how the securities...
By Eric J. Pan ( Originally published in the Financial Times on October 18, 2024) In May, the US and Canada moved from settling securities transactions two days after a trade to one. This shift to ‘T+1’ was a resounding success. The EU should follow suit. T+1 means greater efficiency...
Closed-end funds' shareholder gatherings invite abuse; the NYSE is finally doing something about it. by Paul Cellupica ( As published in Ignites, September 12, 2024) Powerful activist investors have been abusing the New York Stock Exchange's annual shareholder meeting requirement for...
Regulatory alarm about hidden risk in the Treasury futures market misses the point, fund association execs write. by Paul Cellupica and Sean Collins ( As published on Risk.net, August 19, 2024) Financial regulators in the US have recently expressed worries over the growing use of...
By Eric J. Pan ( Originally published in Les Echos on August 1, 2024) Capital markets union is essential to the success of the European project. Vibrant capital markets efficiently channel investment to companies and, with historically higher long-term rates of return compared to...
