Regulators urge SEC to act on money funds

Regulators urge SEC to act on money funds

New York City : NY : USA | Nov 13, 2012 at 3:03 PM PST
Source: MarketWatch
Views: Pending
A council of federal regulators charged with identifying risks to the financial system unanimously voted Tuesday to introduce three proposals urging the Securities and Exchange Commission to impose new regulations on the $2.7 trillion money-market fund industry. FULL ARTICLE AT MarketWatch
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
  • Credibility
  • Wait... Flag

News Stories

  • Timothy Geithner steps up pressure to regulate money market funds

      Denver Post
    Treasury Secretary Timothy Geithner, stepping up pressure on the Securities and Exchange Commission to make money funds safer, outlined three options to overhaul the $2.6 trillion industry. Geithner, speaking Tuesday in Washington at a meeting of the...
  • Regulators seek changes in how money-market funds operate

      Washington Post
    Currently, one share of a money market fund is generally valued at $1. The funds have been popular with investors because they seem as stable and reliable as a bank account. But unlike bank accounts, they are not federally insured, and that image of...
  • Panel Pushes for Stronger Money-Fund Rules

      The New York Times
    A council of top financial regulators, upset with the Securities and Exchange Commission for failing to strengthen rules governing money market mutual funds since the financial crisis, is trying to force the S.E.C. to adopt stricter regulations. The...
  • Financial Watchdogs Move to Rein In Money Funds

      Asian Wall Street Journal
    Securities and Exchange Commission chairman tried, and failed, to impose earlier this year. The Financial Stability Oversight Council, a board of top U.S. regulators established by the Dodd-Frank financial overhaul, approved several recommendations...

More From Allvoices

Related People

Most Commented Reports

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.