FSoc to debate measures to toughen money market funds
The US Presidential Working Group on Financial Markets on Wednesday outlined eight proposals on strengthening money market funds for the newly established Financial Stability Oversight Council (FSoc), the US systemic risk regulator, to consider.
The working group consists of Ben Bernanke, the chairman of the Federal Reserve, Timothy Geithner, the Treasury secretary, Mary Schapiro, the chairman of the Securities and Exchange Commission (SEC), and Gary Gensler, the chairman of the Commodities
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