The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SEC Review of Credit Ratings Agencies Could Have Implications for Money Market Funds
 Not Rated 1.0 Email Routing List Email & Route  Print Print
Thursday, June 26, 2008

SEC Review of Credit Ratings Agencies Could Have Implications for Money Market Funds

by: Erin Kello

Fund firms that have money market funds will want to keep an eye on the SEC proceedings regarding the legitimacy of credit-ratings agencies. The SEC said Wednesday it is proposing rule amendments that would impose additional requirements on nationally recognized statistical rating organizations. This could change the regulations on the the type of securities that money market funds are required to hold.

The ICI came out in favor of the review. Paul Schott Stevens, president and CEO of the mutual fund trade organization, issued the following statement on the matter: "The mutual fund industry commends the Commission for reviewing the role of credit ratings by nationally recognized statistical rating organizations (NRSROs) in its rules and forms. This goes hand-in-hand with the agency’s other reform efforts to ensure an open and effective rating system. We look forward to commenting on the Commission’s forthcoming proposing release.”  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use