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“Bear in the Woods” Remarks before the Investment Company Institute

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, growth, investment and productivity

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission Wiki“Bear in the Woods” Remarks before the Investment Company Institute

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler questions liquidity rules for bank-supervised collective funds.

Problems raised
  1. Bank-supervised collective funds are very large.
  2. Their rules lack liquidity limits.
  3. Rules were last revised in 2012.
Solutions proposed
  1. Compare them with SEC-regulated funds.
  2. Add limits on illiquid assets.
  3. Coordinate with bank regulators.
Read full speech on sec.gov ↗

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