« SEC Will Take Up Money Market Funds, Solicitation Rule Next Week | Main | Barry et alia on Derivatives Markets & Social Welfare »
August 23, 2012
SEC Scraps Staff Proposal to Reform Money Market Funds
There will be no money market fund reform anytime soon, as SEC Chairman Schapiro released this statement yesterday:
Three Commissioners, constituting a majority of the Commission, have informed me that they will not support a staff proposal to reform the structure of money market funds. The proposed structural reforms were intended to reduce their susceptibility to runs, protect retail investors and lessen the need for future taxpayer bailouts.
August 23, 2012 in SEC Action | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef017617668b7a970c
Listed below are links to weblogs that reference SEC Scraps Staff Proposal to Reform Money Market Funds:
