CalPERS Statement on Securities and Exchange Commission's Approval of Dodd-Frank Rules
August 29, 2014
External Affairs Branch
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Joe DeAnda, Information Officer
SACRAMENTO, CA - The California Public Employees' Retirement System (CalPERS) issued the following statement on the Securities and Exchange Commission's approval of two rules relating to the implementation of the Dodd-Frank Act:
"CalPERS thanks the Commissioners of the Securities and Exchange Commission for their leadership in moving forward to further implement the Dodd-Frank Act and provide protections for investors in the areas of asset-backed securities and credit rating agencies," said Ted Eliopoulos, CalPERS Interim Chief Investment Officer. "These new rules will enhance transparency, set up needed firewalls, establish comprehensive internal controls and require greater disclosures. These rules are a step in the right direction to protect America's investors."
CalPERS is the largest public pension fund in the U.S., with approximately $300 billion in assets. CalPERS administers health and retirement benefits on behalf of 3,090 public school, local agency, and state employers. There are more than 1.6 million members in the CalPERS retirement system and more than 1.3 million in its health plans. For more information about CalPERS, visit www.CalPERS.ca.gov.