A co-founder of BlackRock said Friday that money market mutual funds would survive, if their asset values would allowed to float from their a stable $1 net asset value per share.

Barbara Novick, the vice chairman of the world’s largest asset manager, said money market mutual funds would survive even if new regulations being proposed by the Securities and Exchange Commission took effect. One of its proposals is expected to be to let the value float, in order to avoid any necessity for government intervention should another run on the funds occur.

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