Schapiro says agency will propose floating NAV and capital buffers.
By Jesse Hamilton and Christopher Condon, Bloomberg|November 08, 2011 at 04:25 AM|Originally published on Treasuryandrisk.Com
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The U.S. Securities and Exchange Commission will soon propose revamping rules for money-market mutual funds, pushing the options of a floating net asset value and capital buffers, SEC Chairman Mary Schapiro said today.