FACT SHEET Money Market Fund Reforms U.S. SECURITIES AND EXCHANGE COMMISSION PAGE 1 OF 2 Why This Matters Money market funds are managed with the goal of providing principal stability and...
FACT SHEET Money Market Fund Reforms U.S. SECURITIES AND EXCHANGE COMMISSION PAGE 1 OF 2 Background Money market funds are managed with the goal of providing principal stability and access...
RE: Money Market Fund Reform: Pros and Cons of Options Many money market funds were stressed in March 2020 despite changes in regulations and operating procedures made during the decade...
The amendments will increase minimum liquidity requirements for money market funds to provide a more substantial liquidity buffer in the event of rapid redemptions. The amendments will also remove provisions in the current rule that permit a money market fund to suspend redemptions temporarily through a gate and allow money market funds to impose liquidity fees if their weekly liquid assets fall below a certain threshold. These changes are designed to reduce the risk of investor runs on money market funds during periods of market stress. ...
This Discussion Paper seeks views to inform the development of Money Market Fund reform proposals. We have issued it together with the Financial Conduct Authority (FCA), with the endorsement of the...
Client alert providing summary of recently issued proposed amendments to Rule 2a-7 under the Investment Company Act of 1940, which governs money market funds.
The US money-market fund industry is still enjoying a boost from higher-for-longer interest rates, shrugging off risk tied to reforms set to take effect later this year.
The report noted that certain short-term funding markets experienced stress in March 2020 amid economic concerns related to the onset of the COVID-19 pandemic. “Money market funds play a significant role in our short-term funding markets, and they are utilized by both large institutions and individual retail investors,” said SEC Acting Chair Allison Herren Lee. “Comments received will assist the SEC and other relevant financial regulators in further analysis of potential reforms.” ...
Jul. 5, 2023, Michael R. Granito, Chief Risk Officer, and Gregory Dulski, Chief Regulatory Officer and Head of Governmental Affairs, Federated Hermes, Inc. ; Jul. 3, 2023, Michael R. Granito, Chief Risk Officer, Federated Hermes, Inc. ; Jun. 6, 2023, Peter J. Germain, Chief Legal Officer, Federated Hermes, Inc. ; Jun. 2, 2023, Peter J. Germain, Executive Vice President, Chief Legal, Federated Hermes, Inc.
Statement on Proposed Money Market Fund Reforms by Commissioner Allison Herren Lee November 17, 2021