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.

Full Story:

Related Summaries