Symposium Speeches Available
Crane Data has posted the recordings, Powerpoints and binder from last week's Crane's Money Fund Symposium. The sessions are available to attendees and to Crane Data subscribers. (Access and binders may be purchased by non-attendees and subscribers for $375.) Money Fund Symposium was held June 20-22 at the Pittsburgh Westin; next year's event has been scheduled for June 19-21, 2013, at the Baltimore Hyatt Regency. In other news, The Baltimore Sun writes "Md. firms, treasurer balk at proposed money market regulations". It says, "Battle lines are being drawn over whether money market funds need more protection in the event of another financial crisis. Maryland investment firms and the state treasurer are on one side of the fight; the SEC chairman is on the other. Baltimore's T. Rowe Price is working through the Investment Company Institute, a trade group for mutual fund companies, which maintains that reforms adopted two years ago, after the last crisis, are sufficient. Legg Mason's CEO said last month that the Baltimore-based investment company might reconsider its commitment to the money market fund business if additional changes proved too drastic. And last week, Maryland's treasurer, Nancy Kopp, testifying before a congressional committee, warned that any changes to existing regulations could raise costs for states and create too large an accounting burden."
