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 |
|
Friday, August 31, 2012 FSOC and Money Market Funds Remain in The Press The fight over money-market funds just won't go away. And neither will reports on regulators efforts to revive it. As reported in Dealbook, The Wall Street Journal, Bloomberg, and Dealbook again, the alternative ways to regulate funds keeps popping up. Yesterday afternoon, the New York Times Dealbook section took on the issue again, saying that "arcane tactics" could be coming in the battle over how to regulate these funds. According to the Times, regulators who wish to revive SEC Chairwoman Mary Schapiro's now abandoned regulation plan could do so by involving the using the Financial Stability Oversight Council, a committee set up by the Dodd-Frank bill. The committee, chaired by Treasury Secretary Timothy Geithner, could use a section of Dodd-Frank called "Title VIII" to push these reforms. Some, though, think this plan is tenuous. One lawyer told Dealbook reporter Peter Eavis the plan was a "last restart." Printed from: MFWire.com/story.asp?s=41127 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |