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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