Reuters writes "Regulators missed chance to reform money market funds: Krawcheck". The article says, "She didn't get the job, but if Sallie Krawcheck were running the Securities and Exchange Commission she knows where her priorities would lie.... [S]he would move post-haste for "real reform" of the way money-market funds are accounted for on banks' books." "Reform of money funds (has been) way too long in coming," Krawcheck, the 48-year-old former head of Bank of America Corp's wealth management division, said Monday at Reuters Global Wealth Management Summit. "It's a big, glaring miss coming out of the downturn." The Reuters piece adds, "Krawcheck said she would oppose any halfway solutions that would apply only to part of the $2.6 trillion money-market fund industry. The SEC is believed to be considering rules that would apply to prime funds that buy securities issued by corporations but not to funds that invest primarily in government securities."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

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