New rules from the Securities and Exchange Commission could make money market funds more resilient against financial market shocks, increase transparency, offer better protections for investors, and provide closer oversight from regulators, panelists said during a webinar hosted by BNY Mellon Asset Servicing.
Money funds have faced heavy scrutiny across the industry in the past two years since The Reserve, the industry’s first money fund provider, saw its largest money fund “break the buck” in 2008.
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