FSOC moves swiftly on money market reform

November 2012

Overview

On November 13, 2012, the Financial Stability Oversight Council (FSOC) unanimously voted to issue proposed recommendations for structural reforms to money market funds (MMFs) intended to make them more resilient to runs. The FSOC is proposing three alternatives including a floating NAV, a capital buffer, redemption holdbacks and enhanced portfolio diversification, liquidity and disclosure requirements.

To read more about the FSOC's action - and how the focus now shifts back to the SEC -please click here.

Contact us

Dan Ryan
FS Advisory Leader
Tel: +1 (646) 471 8488
Email

Alison Gilmore
FS Regulatory Practice Marketing Leader
Tel: +1 (646) 471 0588
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