In February 2009, the Council and the CFA Institute Centre for Financial Market Integrity announced the formation of the Investors' Working Group (IWG), an independent, nonpartisan commission to recommend ways to improve the regulation of U.S. financial markets.
This diverse, blue-ribbon panel of experts was established to ensure that investor views are heard in the debate about how to modernize the financial regulatory system. The Council joined forces with CFA Institute to launch the IWG out of a belief that the national discussion about regulatory reform had largely ignored investor considerations, focusing instead on containing costs for issuers and dealers in the U.S. capital markets. The tenor of debate shifted somewhat with the Obama administration's June 17, 2009 release of its plan for financial regulatory reform. The IWG viewed the administration plan as a good start but believed it did not go far enough to protect investors
The IWG released its report and recommendations , "U.S. Financial Regulatory Reform: The Investors' Perspective," in July 2009. The report calls on Congress and the administration to strengthen and reinvigorate existing regulatory agencies, close gaps in regulation, improve corporate governance of U.S. public companies and create a federal systemic risk oversight board. "The Investors' Working Group report is a pragmatic roadmap to restoring trust in U.S. financial markets in ways that safeguard the needs of investors," said Joseph A. Dear, the Council's chair and a member of the IWG. The Council of Institutional Investors has endorsed the IWG report.
U.S. Financial Regulatory Reform: The Investors' Perspective (IWG report)
IWG Letters and Statements
