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The Financial Stability Oversight Council (FSOC) was created under Dodd-Frank. The purpose of the FSOC is to identify risks to the financial stability of the U.S. economy, to promote discipline and responsibility within the markets and respond to potential risks which may undermine, or undo, America’s financial stability.
Following a unanimous vote, the FSOC proceeded in moving forward with the "Proposed Recommendations Regarding Money Market Mutual Fund Reform" report; which follows recommendations proposed by former SEC Chairman Mary L. Schapiro. The report includes three proposals to Money Market Fund Reform.
This webcast program will:
- Review the three proposals outlined in the FSOC report
- Floating Net Asset Value (NAV)
- Stable NAV with NAV Buffer and Minimum Balance at Risk
- Stable NAV with NAV Buffer and Other Measures
- Forecasted FSOC response to public comments