Reforming the regulation of money market funds


Financial Services analysis: The Securities and Exchange Commission (SEC) has proposed wide-ranging reforms to the regulation of money market funds (MMFs). But do they go far enough and will they revive investor confidence? Jay G Baris, partner and chair of the investment management practice at Morrison Foerster, New York, considers the implications for the industry.

Original news:

Money market funds set for reform -

Financial Times, 6 June 2013: A number of proposals have been put forward by the SEC for reforming the structure of MMFs. Regulators have been looking at methods to limit the risk posed by the $2.9 trillion money fund industry, since an avalanche of withdrawals helped to freeze bank and corporate funding markets during the financial crisis almost five years ago.

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