Reuters writes "​Regulators missed chance to reform money market funds: Krawcheck". The article says, "​She didn'​t get the job, but if Sallie Krawcheck were running the Securities and Exchange Commission she knows where her priorities would lie.... [​S]​he would move post-​haste for "​real reform" of the way money-​market funds are accounted for on banks' books." "Reform of money funds (​has been) way too long in coming," Krawcheck, the 48-​year-​old former head of Bank of America Corp'​s wealth management division, said Monday at Reuters Global Wealth Management Summit. "​It'​s a big, glaring miss coming out of the downturn." The Reuters piece adds, "Krawcheck said she would oppose any halfway solutions that would apply only to part of the $​2.​6 trillion money-​market fund industry. The SEC is believed to be considering rules that would apply to prime funds that buy securities issued by corporations but not to funds that invest primarily in government securities."

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