The Wall Street Journal writes "Schapiro: Money-Fund Plan Would Give Funds Options". It says, "A Securities and Exchange Commission plan to shore up the $2.5 trillion money-market fund industry would give funds a choice between holding more capital and being more transparent to investors about fluctuations in the value of their holdings, SEC Chairman Mary Schapiro said Thursday. Money funds, under a plan being reviewed by the SEC's five commissioners, would have the option of maintaining a small capital cushion coupled with restrictions on investors seeking to pull out their money or abandoning the stable $1-per-share net asset value that funds strive to maintain, Ms. Schapiro said in a U.S. House hearing." The Journal quotes Schapiro, "Those would be choices that funds could choose between." It adds, "Talking to reporters after the hearing, Ms. Schapiro declined to give further details other than indicating that the size of the capital buffer would be far less than the 3% to 5% that some critics had feared." See also, Bloomberg's "The SEC Chairman's Crusade for Money-Fund Safety".

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2025 2024 2023
July December December
June November November
May October October
April September September
March August August
February July July
January June June
May May
April April
March March
February February
January January
2022 2021 2020
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2019 2018 2017
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2016 2015 2014
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2013 2012 2011
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2010 2009 2008
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2007 2006
December December
November November
October October
September September
August
July
June
May
April
March
February
January