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The Securities and Exchange Commission (SEC) has proposed wide-ranging reforms to the regulation of money market funds. Do the proposals go far enough, or do they go too far? Would they reduce the likelihood of a run on money market funds, and would they satisfy the concerns of the federal banking regulators? Essentially, there are two main stand-alone proposals, meaning the SEC could adopt either one individually, or in tandem with each other. Those being, a floating Net Asset Value (NAV) or Liquidity Fees and 'Gates.' This webcast will consider the implications of these proposals on the industry and attempt to provide answers to the following questions:
- What are the industry implications of such changes?
- Could there be any unintended side effects?
- Will the changes have ramifications on the MMF industry globally?
- How does this fit with global efforts to introduce tighter regulation to the shadowing banking industry?
West LegalEdcenter will provide CLE credit.