ICI's weekly "Money Market Mutual Fund Assets" says, "Total money market mutual fund assets decreased by $6.59 billion to $2.800 trillion for the week ended Wednesday, November 3, the Investment Company Institute reported today. Taxable government funds decreased by $2.50 billion, taxable non-government funds decreased by $5.03 billion, and tax-exempt funds increased by $930 million." In other news, Bloomberg writes "FSB to Focus on Regulating Shadow-Banking Industry, Draghi Says". It says, "The Financial Stability Board is set to focus on tougher rules for too-big-to-fail organizations operating in the 'shadow-banking sector' to prevent another global economic crisis, its chairman Mario Draghi said. Systemically important financial institutions, or SIFIs, 'don't reside only within the banking sector,' Draghi said in a Nov. 5 interview in Ancona, Italy. Over the next two years, the FSB will focus on 'the progressive enlargement of what we call the regulatory perimeter to include the most important segments' of the 'shadow financial sector.' Leaders from the Group of 20 meeting today in Seoul will review possible measures by the FSB and the Basel Committee on Banking Supervision to subject too-big-to-fail organizations to tougher rules.... Tougher regulations for the shadow industry -- which includes securities brokers, hedge funds and money-market funds -- aim to prevent a repeat of the turmoil that followed the collapse of Lehman Brothers Holdings Inc. The sector's liabilities totaled about $16 trillion in the first three months of 2010, according to a staff report published by the Federal Reserve Bank of New York in July."

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