MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 23, 2013 SEC Warns Money Fund PMs of Tri Party Repos It isn't over until the fat lady sings, and in the case of money fund regulation, she hasn't stopped singing. The 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. Printed from: MFWire.com/story.asp?s=45052 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |