FSB to press ahead with money market fund reforms
Asset managers had argued turbulence in MMFs during Covid was symptom of stress not cause
The Financial Stability Board has finalised its proposals for reforms to boost the resilience of money market funds (MMFs), despite some complaints from the industry.
Members of the international body have signalled their commitment to implementing the measures, which aim to make the sector more resilient and less likely to amplify bouts of stress.
“FSB members are assessing, or will assess, MMF vulnerabilities in their jurisdiction and will address them using the framework and policy toolkit
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