by David Schwartz J.D. CPA | Dec 25, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
The outflow of money fund assets to an unregulated market is a significant systemic risk concern, and can result in harm to our market and investors. The Financial Stability Oversight Council, Financial Stability Board, and Securities and Exchange Commission still...
by David Schwartz J.D. CPA | Nov 14, 2012 | All, Formal Regulatory Remedies
Pursuant to powers granted to it by Section 120 of the Dodd-Frank Act, on November 13, 2012, the Financial Stability Oversight Council (“FSOC”) approved proposed recommendations for the structural reform of money market mutual funds (“MMFs”)....
by David Schwartz J.D. CPA | Oct 14, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Both the President’s Working Group on Financial Markets and the Financial Stability Oversight Council have consistently called for the SEC to pursue additional reforms to address structural vulnerabilities in [money market funds], including unanimous...
