Investment Management

FSR advocates on behalf of members that provide investment products and services to individual and institutional investors, businesses, not-for-profit organizations, and governments (federal, state, and local); manage investments for themselves or their clients; provide financial, investment, or advisory services; and underwrite, deal-in, or make markets in capital markets financial instruments. 

Current Investment Management Priorities: 

  • Fiduciary Duties and Standards of Care
  • Systemic Risk Review of Asset Management
  • Retirement Planning and Saving
  • Regulating Municipal Securities Disclosures
  • Investment Funds Regulation
  • Retail Securities Issues
  • U.S. Securities Market Structure, Resiliency and Oversight

Two GAO Reports & Hill Legislation Rebuke FSOC’s Secretive Process

November 21, 2014

The Government Accountability Office’s released a report yesterday backing a point the financial services industry has been making for years: the Financial Stability Oversight Council needs to open up about the process it uses to determine whether to label insurance companies, finance companies, asset managers, and other non-bank financial companies as “systemically important” and to subject them to bank-centric regulations established by the Federal Reserve.

FSOC’s Behavior is Risky Business

September 17, 2014

The Government Accountability Office issued a report today noting that the Financial Stability Oversight Council – the government body that decides if financial services companies pose risk to the economy – operates in the shadows and needs to be more transparent.

FSR Praises House Passage of CLO Asset Protections

April 29, 2014

“CLOs allow banks to extend credit to businesses that otherwise don’t fit the standard mold for conventional loans,” said FSR Executive Vice President of Government Affairs Francis Creighton. “These businesses are important for advancing innovation and we commend the bipartisan support for this fix in the House today. We urge the Senate to move forward expeditiously on this issue.”

Letter of Support: H.R. 4167, the Restoring Proven Financing for American Employers Act, 4/29/14

April 29, 2014

H.R. 4167 would exempt CLO assets that were issued before January 31, 2014 from the investment prohibitions of the Volcker Rule and would affirm that investment manager oversight provisions common to the vast majority of CLOs remain permissible. As a result, the bill will ensure that banks can continue to participate in a funding process that is critical to the financing of hundreds of small- and medium-size businesses.

Tonnie Wybensinger Joins FSR as New VP of Government Affairs

April 29, 2014

“As one of Washington’s top experts in investment management and public policy, Tonnie will be an important member of FSR’s team” said FSR CEO and President Tim Pawlenty. “As we significantly increase our advocacy in Washington on investment management issues, Tonnie’s unique experience working in both chambers of Congress will ensure FSR is a leading voice informing policymakers on smart and effective policies.”

Letter re: Dissemination of Asset-Level Data, 4/28/14

April 29, 2014

The Securities Industry and Financial Markets Association and the Financial Services Roundtable appreciate the opportunity to provide further comments on the Commission’s February 25, 2014, staff memorandum, suggesting that issuers might use their websites to disseminate asset-level data and other offering information to investors and potential investors with respect to the disclosure and reporting requirements for asset-backed securities.