Monday, March 23, 2015

Regulators Feud Over Mutual Fund Supervision

Summary

  • Commissioner Michael S. Piwowar recently gave a speech at the 2015 Mutual Funds and Investment Management Conference.
  • Piwowar is not in favor of further regulation of the industry. Specifically, he is against grouping mutual funds into the same category as banks that pose a "systemic risk".
  • Others in the world of regulatory finance, like Janet Yellen, disagree. Yellen, an ardent opposer of regulatory capture, believes mutual funds should be under increased supervision. 
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