It’s no secret that the Investment Company Institute is opposed to proposals by the Securities and Exchange Commission to float the net asset value of money market funds, and ICI President and CEO Paul Stevens today reiterated the group’s stance on the SEC’s proposal.

Stevens, speaking at a symposium in Baltimore, said that: “Simply put, forcing funds to float their NAVs doesn’t address the problem that most preoccupies many regulators—how to avert heavy redemptions out of money market funds.”

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