SEC's money market fund reform push continues to prompt questions

04/12/2013 | Bankrate.com

After the global financial crisis, regulators implemented rules governing money market funds, but many in the industry voiced concerns that the regulations didn't do enough to prevent the possibility of a run. The Securities and Exchange Commission has been working on a proposal that could include a floating net asset value. Industry experts, however, are concerned about such a change. "If you make a withdrawal a day later and get back $0.999999, that makes it difficult to many entities who have obligations on their investment parameters," said Tim Cameron, managing director of SIFMA's Asset Management Group.

View Full Article in:

Bankrate.com

Published in Brief: