Regulators Take Another Crack at Shoring Up Money-Market Funds to Prevent Bailouts

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

U.S. regulators are taking their third shot in 15 years at rewriting rules for money-market funds to prevent them from needing bailouts in times of financial turmoil, as investors pour money into the funds this year

The Securities and Exchange Commission, chaired by Gary Gensler, failed in two previous rule overhauls to prevent investors from fleeing certain funds when markets were under stress.

WASHINGTON—U.S. regulators are taking their third shot in 15 years at rewriting rules for money-market funds toDow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft and UK regulators agree to pause legal fight to negotiate Activision acquisition | EngadgetOn Tuesday, Microsoft and the United Kingdom's Competition and Markets Authority said they would take a break from their legal battle to negotiate a compromise that could allow the deal to move forward..
Source: engadget - 🏆 276. / 63 Read more »