Investment News wrote Sunday "Regulators eyeing changes to money funds". The article says, "Money market funds are front and center in Washington again, just 16 months after regulators tightened rules on the $2.7 trillion industry.... The Securities and Exchange Commission tomorrow will gather other regulators, industry executives and academics, to discuss the pros and cons of at least half a dozen proposals aimed at making money funds more resilient to economic turmoil." It adds, "Talk of new money fund regulation takes on greater significance as razor-thin yields drive away investors. Money fund assets now stand $1.2 trillion below the January 2009 high-water mark of $3.9 trillion, according to Crane Data LLC, which compiles money fund data. Among the more controversial proposals that will be considered at this week's round table is one that would require funds to maintain a floating-rate net asset value.... Rules that require money funds to have a floating NAV 'would be an accounting nightmare' for companies, and the benefits of moving to such a system have not been shown, said Peter Crane, president of Crane Data.... The SEC may endorse rule changes based on elements of many of the proposals on the table, said Barry Barbash, a partner at Willkie Farr & Gallagher LLP and former director of the Division of Investment Management." He tells IN, "In the end, it may be a combination."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2025 2024 2023
January December December
November November
October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2022 2021 2020
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2019 2018 2017
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2016 2015 2014
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2013 2012 2011
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2010 2009 2008
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2007 2006
December December
November November
October October
September September
August
July
June
May
April
March
February
January