With the SEC's proposed changes in money market fund regulation likely to go into effect mid-2014, banks should be taking a closer look now at the possible impact of, and opportunities related to, this expected reform. While there's often a conservative tendency for banks to forgo preemptive action in preference for a wait-and-see approach, the proposed changes to MMF rules may provide a window of opportunity to benefit from enhancing institutional cash management offerings.
All Financial Planning articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.