Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, May 12, 2011

SEC Roundtable: What To Do About Money Market Funds

The SEC held a roundtable discussion yesterday on what to do with money market funds, and, as expected, the regulators and the industry had different views about whether to maintain the stable $1 NAV.  Investment News provides a good summary.  FDIC Chair Sheila Blair and former Fed Chair Paul Volcker called for a floating NAV, while industry representatives testified that forcing MM funds to abandon the stable $1 NAV would destroy the funds' appeal to investors.  InvNews, Money fund 'fiction' a real threat to investors: FDIC's Bair

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