The Financial Stability Oversight Council said it supports "the implementation of structural reforms to mitigate the run risk" in money-market funds.
"These reforms are intended to address the structural features" in funds that caused a freezing of short-term credit markets after the failure of the Reserve Primary Fund in 2008, the FSOC said in a report to Congress released today.
The FSOC said it was focused on "structural vulnerabilities" in the tri-party repo market and cited "potential threats from the crisis in Europe."
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
