Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SEC Warns Money Fund PMs of Tri Party Repos Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 23, 2013

SEC Warns Money Fund PMs of Tri Party Repos

News summary by MFWire's editors

It isn't over until the fat lady sings, and in the case of money fund regulation, she hasn't stopped singing. The recently released a four page guidance, warning money fund PMs and advisers of possible trip party repo defaults, Reuters' Sarah Lynch reports.

The SEC recommended that funds and advisers look over master repurchase agreements and other documentation thoroughly to look for procedures to handle defaults. Ways to prevent future shocks to money market funds and the repo market were notably left unaccounted for in Dodd-Frank, Lynch points out.

The Financial Stability Oversight Council has been on top of things again, as they were in the money fund rule, and are advocating new rules for money funds and repos, and the SEC's guidance establishes that SEC Chairman Mary Jo White may also be interested in getting involved.

The question, again, is: Who is in charge of money fund regulations? And will Mary Jo White prove it's the SEC? Keeping tuning in to find out.

To read more, click here

Edited by: Casey Quinlan


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use