Letter to the Editor, Financial Times: ETFs Are Convenient, Safe and Cheap Already (As published in the Financial Times, December 22, 2016) Sir: The FT says exchange traded funds (ETFs) should strive to offer convenience, security, and low costs (“ Monitor ETFs to stay simple, safe...
Pensions Innovation Comes to China By Qimei Yang (As published in Funds Europe, 8 November, 2016) Many countries are committed to helping their citizens build adequate resources to live dignified lives in their older years, and pay-as-you-go public pension programmes have been the...
Enough Already. Money Market Funds Aren't Shadow Banks By Paul Schott Stevens (As published in American Banker, October 17, 2016) In July 2014, the U.S. Securities and Exchange Commission enacted sweeping new rules for money market funds, setting an aggressive implementation deadline...
Pennsylvania Wants Your Retirement Account By Tamara K. Salmon (As published in the Pittsburg Post-Gazette, September 18, 2016) In July, Pennsylvania legislators made a quiet change to a law and put your retirement savings at risk. Few people know how this law works—but the danger to...
Letter to the Editor: California’s Retirement Plan (As published in the New York Times on August 26, 2016) To the Editor: You say California will provide a state-run “secure choice” retirement plan for private-sector workers with “fees that are both low and transparent” (“ From...
Secure Choice Is Risky for Workers and for the State By Paul Schott Stevens (As published in the Sacramento Bee, August 16, 2016) Millions of Americans save for retirement using employer-sponsored plans that offer tax advantages and excellent investment options. Even so, there may be...
ETFs Boost Liquidity in Times of Financial Stress By Paul Schott Stevens (As published in InvestmentNews , August 7, 2016) Do exchange-traded funds (ETFs) offer an illusion of liquidity? The notion persists among critics—and even some regulators. Yet these assertions fly in the face...
ETFs Boost Liquidity in Times of Financial Stress (As published in Investment News, August 7, 2016) Do exchange-traded funds offer an illusion of liquidity? The notion persists among critics—and even some regulators. Yet these assertions fly in the face of facts, as proponents of this...
Guest Viewpoint: Dan Waters, ICI Global By Dan Waters (As published in Investments & Pensions Europe, July 2016) ‘Easier, cheaper fund distribution would help build stronger capital markets.’ Europe is facing two related and urgent needs: bolstering economic growth and providing its...
A MetLife Victory Won't Solve FSOC's Biggest Problems By Paul Schott Stevens (As published in American Banker , June 13, 2016) On June 16, the Financial Stability Oversight Council is due to file arguments on why the federal courts should uphold the council's designation of MetLife as...
