Tags: Fed | money | fund | bank

Fed District Bank Presidents Support SEC Money Fund Proposal

Thursday, 12 Sep 2013 03:38 PM

Presidents of the 12 Federal Reserve District banks backed a Securities and Exchange Commission proposal for regulation of money market mutual funds, saying the measure will better safeguard investors and financial stability.

“We believe the SEC is well-positioned to implement meaningful reforms,” the Fed district bank presidents said to the SEC in a letter released by the Boston Fed. Such measures “not only better protect investors but also address the risks to financial stability posed by MMMFs,” they said.

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Presidents of the 12 Federal Reserve District banks backed a Securities and Exchange Commission proposal for regulation of money market mutual funds, saying the measure will better safeguard investors and financial stability.
Fed,money,fund,bank
79
2013-38-12
Thursday, 12 Sep 2013 03:38 PM
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