In This Presentation:
- Introduction
- Post 2008 Regulatory History
- Classifying Money Market Funds
- Floating Nav
- Liquidity Fees And Redemption Gates
- Liquidity Fees
- Redemption Gates
- Liquidity Fees And Redemption Gates: Board Considerations
- Government And Retail Money Market Funds
- Valuation Guidance
- Enhanced Disclosure Requirements
- Modified Diversification Requirements
- Enhanced Stress Testing
- Related Rule Proposals
- Compliance Dates
- Excerpt from Post 2008 Regulatory History:
- 2010
-SEC adopted a number of amendments to rule 2a-7 designed to make MMFs more resilient by requiring higher credit quality of holdings, reduced maturities, greater liquidity, stress testing, new disclosure on Form N-MFP and shadow pricing
-Dodd-Frank Wall Street Reform and Consumer Protection Act creates the Financial Stability Oversight Council
-President’s Working Group of Financial Markets recommends several policy options to further reform Money Market Funds to prevent destabilizing runs and further contagion on the broader economy...
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