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

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Tuesday, June 19, 2012

Chamber of Commerce Issues Report on Dangers of MM Fund Reform

The U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) released a white paper titled, “Money Market Mutual Fund Reform: The Dangers of Acting Now”, which examines the impacts of possible reforms to money market mutual funds (MMMFs) on businesses, municipalities, individual investors and the overall economy.  The paper, authored by Georgetown University Professor James J. Angel, finds that contemplated reforms intended to reduce the chance of runs on MMMFs could, in fact, have the opposite effect and increase systemic risk.  Reforms could have far reaching consequences well beyond the fund industry. ( Download Angel-Costs-and-Costs-of-MMMF-Reforms-draft-6.18.2012-FINAL[1])

http://lawprofessors.typepad.com/securities/2012/06/chamber-of-commerce-issues-report-on-dangers-of-mm-fund-reform.html

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