SEC Approves New Rule on Money Market Funds following Split Vote

West LegalEdcenter Webinar

09/23/2014 01:00 p.m. - 02:00 p.m. EDT

Banking + Financial Services, Capital Markets, Financial Institutions + Financial Services, and Investment Management

Jay G. Baris and Oliver I. Ireland

Oliver I. Ireland and Jay G. Baris

Webinar

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Following a split vote, regulators imposed new restrictions on a vast market that played a significant role in the 2008 financial crisis. The Securities and Exchange Commission (SEC) voted 3 to 2 to adopt a set of new rules for money market funds, a $2.6 trillion industry where ordinary individuals and sophisticated institutions alike park their money. The rules come after years of debate among regulators and lobbying from Wall Street. The SEC says the rules will reduce the risk of runs in money market funds and provide important new tools that will help further protect investors and the financial system.

This engaging webcast program will delve into analysis on:

  • The new rules and restrictions;
  • Split vote and lingering frustrations from Money Market Funds and Financial Stability Oversight Council (FSOC);
  • Preventing future runs on the market; and
  • Vital considerations for financial institutions and investors.

Speakers:

  • Oliver Ireland, Morrison & Foerster
  • Jay Baris, Morrison & Foerster
  • Andrew “Buddy” Donohue, Goldman Sachs Asset Management

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