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

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

Rating:FT Starts Money Fund Reform Coverage Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 4, 2012

FT Starts Money Fund Reform Coverage

News summary by MFWire's editors

News of the brewing court war between money market fund sponsors, the ICI and the SEC has leapfrogged the Atlantic and into the pages of the Financial Times.

The paper reports that the Investment Company Institute and Federated Investors along with firms such as Fidelity Investments and Charles Schwab have been included in a file of comment letters filed with the SEC.

The paper picks up on the SEC's exploration of floating NAVs or capital buffers in conjunction with redemption restrictions.

The report claims that the ICI claims that such a move would essentially annihilate the money fund industry.

Peter Germain of Federated revealed told the news service that Federated is "continuing the dialogue [with the SEC], but we're doing it by filing comments that we think provide insights into the potential impact of what we understand they're considering, in hopes it informs their decision on the ultimate rule proposal." 

Edited by: AC


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use