chairman Mary Schapiro lost the battle
on money market fund regulations. And let it be known that the Investment Company Institute
fought her till the end.
show that the ICI wrote the SEC on Aug. 20 — two days before the SEC announced it was dropping its proposal
to reform money funds via floating NAVs and capital buffers.
The letter directs its SEC audience to various posts on ICI's website addressing the issue of the Schapiro-proposed money market fund regulations and their implications.
Read the letter and access the posts " here
The ICI hasn't yet issued any statement about FSOC involvement in money fund regulations.
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