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Rating:Cash Fund Reform is Email Routing List Email & Route  Print Print
Wednesday, June 05, 2013

Cash Fund Reform is "More Likely If Far From a Sure Bet"

News summary by MFWire's editors

Today SEC chair Mary Jo White and the other four SEC commissioners will vote on new money market mutual fund reform. White may succeed where her predecessor Mary Schapiro failed.

Last week the SEC revealed that the vote was set for today, with one report claiming that the proposal would easily pass. Now Dave Michaels of Bloomberg offers an in-depth look at the possible reforms and the history so far, as well as a discussion of the SEC's rejuvenated chances of getting something passed thanks to possible compromises.

Willkie Farr & Gallagher's Barry Barbash, Columbia Law School professor Jeffrey Gordon, the U.S. Chamber of Commerce's Alice Joe and a spokeswoman for Federated [profile] all weighed in for the article. Bloomberg also mentioned BlackRock [profile], Charles Schwab [profile], Fidelity [profile], J.P. Morgan [profile] and Vanguard [profile]. 

Edited by: Neil Anderson, Managing Editor

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