"BNY Mellon to Host Web Seminar on New Rules for Money Market Funds" says a press release on PRNewswire. It explains, "BNY Mellon Asset Servicing, the global leader in securities servicing, will host a web seminar on the impact of proposed rule changes by the U.S. Securities and Exchange Commission on money market funds. The intent of the seminar is to educate senior-level mutual fund company executives and consultants about the proposed changes." Joseph Keenan, MD at BNY Mellon Asset Servicing, says, "These new regulations are likely to result in greater liquidity requirements, an increase in reporting and restrictions on securities investing. The changes could be dramatic and could alter the purpose and role of these funds investors' portfolios." The session is scheduled for 1 p.m. on February 10, 2010. Panelists include: ICI's Jane Heinrichs, `BNY Mellon's Matthew Bromberg, Stradley's Joan Swirsky, Dreyfus' Edward Von Sauers. JP Morgan Global Liquidity will also host two Money Market Update Webconferences on Thursday at 10:00 a.m. and 11:30 a.m.
