MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, October 11, 2012 An International Group Enters the Money Fund Fray The U.S. Financial Stability Oversight Council isn't the only regulatory body diving into the debate over money market mutual fund reforms after SEC chairman Mary Schapiro abandoned her plans. On Tuesday the International Organization of Securities Commisions (IOSCO) issued its own report on money fund reforms, endorsing Schapiro-like ideas such as floating NAVs, redemption restrictions and capital requirements. Emily Chasan of the Wall Street Journal's "CFO Journal" took a long look yesterday at the IOSCO report. The IOSCO admitted that its proposals were opposed by a majority of the SEC commissions, and ICI chief Paul Schott Stevens attacked the IOSCO's support of "flawed regulatory proposals." Printed from: MFWire.com/story.asp?s=41600 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |