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

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

Rating:Regulatory 'Hot Potato' May Drive More Money Fund Consolidation Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 26, 2010

Regulatory 'Hot Potato' May Drive More Money Fund Consolidation

News summary by MFWire's editors

The call for further money market mutual fund reforms still rings out, but will it drive more players out of the business?

Last week, the President's Working Group on Financial Markets released a report on various regulatory options (without endorsing any) (see The MFWire, 10/22/2010), and now the Wall Street Journal's Eleanor Laise worries that more reform will shrink the industry into the hands of even fewer players. The WSJ also points to an International Monetary Fund report from September, calling for floating NAVs for money funds.

Roger Merritt, managing director at Fitch Ratings, told the WSJ that he thinks more reforms may "change the structure and economics of money market funds in such a way that they're just not an attractive product for the fund sponsors."

The WSJ cites Moody's data noting that the 20 biggest money fund managers already have 92 percent of money fund assets (compared with 82 percent less than four years ago).

Several other insiders weighed in for the story, including: Henry Shilling, senior vice president at Moody's Investors Service; Karrie McMillan, general counsel for the ICI; and Joan Ohlbaum Swirsky, of counsel at Stradley Ronon Stevens & Young. 

Edited by: Neil Anderson, Managing Editor

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

 Do You Recommend This Story?

Return to Top
 News Archives
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use