What Does U.S. Money Market Mutual Fund Reform Portend for the European Union?

  • On 23 July 2014, the U.S. Securities and Exchange Commission (SEC) passed the “Money Market Reform: Amendments to Form PF ,” designed to prevent investor runs on money market mutual funds such as those experienced in institutional prime funds following the bankruptcy of Lehman Brothers. The present article evaluates the reform choices in the U.S. and draws conclusions for the proposed EU regulation of money market funds.

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Author:Craig Lewis, Christian SchlagORCiDGND
Parent Title (English):SAFE white paper series ; 24
Series (Serial Number):SAFE white paper series (24)
Place of publication:Frankfurt am Main
Document Type:Working Paper
Date of Publication (online):2014/11/11
Date of first Publication:2014/11/11
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2014/11/26
Tag:floating net asset value (FNAV); liquidity runs; money market funds
Issue:October 2014
Page Number:12
Institutes:Wirtschaftswissenschaften / Wirtschaftswissenschaften
Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF)
Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS)
Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE)
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Licence (German):License LogoDeutsches Urheberrecht