A report by the U.S. Treasury's Office of Financial Research on asset managers and systemic risk is inaccurate and should not be relied on for policy decisions or regulatory action of any kind, says the Investment Company Institute's General Counsel Karrie McMillan and Chief Economist Brian Reid. In a Q& A with Money Management Executive, they discuss why the U.S. Treasury Office's assessment of asset managers fails to present a balanced view, their message to regulators on Volcker Rule implementation and enforcement, and the SEC's expected new money market fund rules.

Q: How do you view the regulatory landscape and how will current regulation most impact money managers (mutual fund/ETF providers)?

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