(Archived Content)
STATEMENT ON BEHALF OF THE FINANCIAL STABILITY OVERSIGHT COUNCIL (FSOC) ON THE FINAL MONEY MARKET FUND RULE BY THE SECURITIES AND EXCHANGE COMMISSION (SEC)
Today the SEC adopted significant structural reforms of money market mutual funds (MMFs) to address the risks to the financial system that were exposed during the financial crisis. The Council looks forward to more fully examining the SEC’s rule and its potential impact on MMFs and financial stability.
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