battle to regulate
money-funds continues to become less murky.
, associate director for regulation in the SEC's investment-management division, announced yesterday that the required capital buffer for money-funds would likely be set at less than 1 percent of the funds holdings, the Wall Street Journal
Plaze spoke at the DC Bar Conference Center
on a panel with Scott Goebel
of Fidelity, Kenneth Berman
of Debevoise & Plimpton, and Ben Haskin
of Willkie Farr & Gallagher. Eric Purple
of K&L Gates was scheduled to appear on the panel but had a conflict.
Schapiro is pushing to have a vote on the regulation as early as this month.
The chairwoman has also proposed an alternative system that would require money-funds to float their net asset values.
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