The Financial Stability Oversight Council said it supports "the implementation of structural reforms to mitigate the run risk" in money-market funds.
"These reforms are intended to address the structural features" in funds that caused a freezing of short-term credit markets after the failure of the Reserve Primary Fund in 2008, the FSOC said in a report to Congress released today.
The FSOC said it was focused on "structural vulnerabilities" in the tri-party repo market and cited "potential threats from the crisis in Europe."
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
