Wall Street Journal's "CFO Journal" blogs "SEC Commissioners in Money Market Showdown". It says, "Securities and Exchange Commission chairman Mary Schapiro plans to introduce a new regulatory overhaul of the money-market mutual fund industry in the first quarter of 2012, but faces opposition from within the Commission itself, as well as from trade groups representing corporate finance professionals. The market has already been reformed recently, but the financial crisis in Europe has increased fears of a run on the funds, which are an important source of short-term financing for companies. This has increased pressure on the SEC to ensure that the funds are on stable footing." (Note that WSJ subscribers can't access; a separate subscription to CFO Journal is needed.)
