The members of the Financial Stability Oversight Council may still act to further regulate money market funds, but for now they are taking it slow.

According to a report from The Hill, the FSOC is delaying and action on money funds to give more time for public comment.

A number of well known companies have already weighed in on the idea of the FSOC taking action, Vanguard [profile] and Charles Schwab [profile].

The FSOC began to consider tackling money funds after attempts at reform in the SEC failed last fall.

For more details, check out the original article. 

Edited by: Ben Geier


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