by David Schwartz J.D. CPA | Sep 27, 2012 | All, Formal Regulatory Remedies
In light of the Securities and Exchange Commission’s inability to bring money market fund reforms to a vote, Treasury Secretary Timothy Geithner has announced that the Financial Stability Oversight Council will take the matter in hand. Specifically, Geithner...
by David Schwartz J.D. CPA | Sep 14, 2012 | All, Formal Regulatory Remedies
As Mark Twain famously said, “The rumors of my death have been greatly exaggerated.” The same can be said for about the rumors of the death of money market reform, following the SEC’s announcement that it’s leaders could not reach consensus on...
by David Schwartz J.D. CPA | Aug 23, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
In an August 22, 2012 statement SEC Chair Mary Schapiro announced that the much anticipated money market reforms she has championed have hit a wall. It had been expected that the Commission would consider next week options for further reform like a free floating NAV,...
by David Schwartz J.D. CPA | Aug 19, 2012 | All, Formal Regulatory Remedies
At the request of the Financial Stability Board, IOSCO has published a consultation paper on the potential regulatory reforms of money market funds. The purpose of the consultation paper is to share with market participants IOSCO’s preliminary analysis regarding the...
by David Schwartz J.D. CPA | Aug 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Ever since the Reserve Primary Fund “broke the buck” in 2008, regulatory reform of money market funds (MMFs) has been an area of intense debate. Following the financial crisis and given the important and pervasive role played by MMFs in the US and global...
