SEC commissioner says Fed and other agencies use the FSOC to influence rules for money market funds, including the proposal to impose a floating NAV.
By Dave Michaels, Bloomberg, Cheyenne Hopkins, Bloomberg|January 27, 2014 at 12:24 PM|Originally published on Treasuryandrisk.Com
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U.S. banking regulators are crowding out the Securities and Exchange Commission (SEC) on money-market mutual fund rules and other decisions that affect how capital markets are overseen, a top securities regulator said today.