Bloomberg writes "​SEC'​s Money-​Fund Rule Boosted by Economic Study, Paredes Says". The article says, "A revised proposal to limit the systemic risk posed by money-​market mutual funds shows how economic analysis can improve financial regulation, Securities and Exchange Commission member Troy A. Paredes said today. The SEC measure released in June reflects the progress the agency has made in studying the costs and benefits of new rules, Paredes said at an event sponsored by the U.​S. Chamber of Commerce'​s Center for Capital Markets Competitiveness." It quotes Paredes, "That proposal laid out in pretty crisp terms, '​this is what we are trying to achieve subject to the following constraint.' ... When you read that document, you understand the starting point and the subsequent analysis which adds to the transparency of government.... The release really reflects the benefit, frankly, of rooting what we do in economics and rooting what we do in the data." See also, FT'​s "​Goldman commits to money market funds".

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