Mixed feelings emerge about FSOC's money-fund suggestions

02/19/2013 | Business Finance

The Financial Stability Oversight Council has received comments on recommendations to reform money market mutual funds. One letter is from presidents of the Federal Reserve's 12 regional banks, which is unusual. The letter says "more than one [money market fund] reform alternative could address the financial stability concerns posed by" such funds. Other comments, such as one from the Investment Company Institute, support a recommendation for "liquidity gates" but pans other suggestions.

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