Results for "money market funds"

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Critics say floating NAV would sink money funds as retirement vehicles

August 21, 2012

Opponents of a pending money-market reform proposal from the Securities and Exchange Commission have opened up a new front in the war, asserting that it threatens retirement savings. In a letter to the SEC on Tuesday, a dozen organizations argued...

SEC stirs, money funds scramble

August 12, 2012

The glacial process of money market fund reform is finally starting to come to a head, but the largest asset managers have been hedging against their worst-case scenario for some time. The Securities and Exchange Commission this month is expected...

SEC: Fund firms got OK to bail out 155 money funds

August 10, 2012

Money-market fund companies obtained permission to support 155 of their funds during the financial turmoil of 2007 and 2008, and six more funds got the same go- ahead since the crisis, according to a list provided to Congress by the U.S. Securities...

Money fund firms hedging in case SEC breaks the buck

August 8, 2012

The Securities and Exchange Commission reportedly is set to vote this month on whether to propose further reforms to money market funds officially. But whichever way the vote goes, asset management firms have been busy hedging their bets. The...

Acid test? Lobbying dollars may neutralize Schapiro's money fund reform

August 1, 2012

Money-market fund companies have doubled lobbying efforts to convince regulators and lawmakers that they aren't a threat to the financial system. The money may have been well-spent. The 10 biggest money-fund managers and the Investment Company...

INsider: Is Vanguard thinking about life after money funds?

July 12, 2012

Management at The Vanguard Group Inc. appears to be taking the possibility of money market reform seriously. The largest mutual fund manager in the world is considering adding banking services, such as FDIC-insured accounts and certificates...

Fed bosses on money fund reform: If SEC doesn't act, we will

July 3, 2012

Federal Reserve officials spoke out twice in the past month to send a signal to money-market funds resisting tighter U.S. regulation. The message: New rules are coming, one way or another. The officials -- Governor Daniel Tarullo and Bank of...

Federated back in for more money funds

June 27, 2012

The regulatory storm clouds hanging over money-market funds doesn't seem to be cowing Federated Investors Inc. The Pittsburgh-based firm, which manages almost 10% of all money-market fund assets, announced on Wednesday it was acquiring an additional...

Advisers cool to changes pushed for money funds

June 24, 2012

Although financial advisers don't use money market funds often — preferring insured bank accounts for their clients' idle cash — they are wary of the potential changes to the investments being urged by SEC Chairman Mary Schapiro. In testimony...

Run on money funds could be 'financial contagion': Schapiro

June 21, 2012

Securities and Exchange Commission Chairman Mary Schapiro told lawmakers Thursday that hundreds of money market mutual funds sponsors have injected their own capital into the vehicles to sustain their value, moves that she said highlight the...

SEC staff ready to roll with money market proposal — but is Schapiro?

June 19, 2012

The Securities and Exchange Commission staff is prepared to present money market fund proposals as soon as Chairman Mary Schapiro indicates that she wants to proceed on the controversial issue, according to a top SEC official. "When the director...

Proposed regs could kill off money fund industry: Professor

June 18, 2012

Money market reforms under consideration by regulators would increase borrowing costs for businesses and governments and ultimately add tens of billions of dollars in annual expenses for consumers and taxpayers, according to an academic's analysis...

MSSB: How Greece can roil Europe and the U.S.

June 15, 2012

There are at least three channels through which Greece's troubles could spread throughout the Euro Zone. First, there is the European banking system, which has exposure to Greek sovereign and corporate debt. Significant losses on the debt could...

Schapiro sticks to her guns on money funds

May 11, 2012

Securities and Exchange Commissioner Mary Schaprio on Friday showed no sign of backing down from her stance that the money market fund industry needs additional reform.. And she stood her ground at gathering of fund firms, no less. “We have...

Dems join opposition to fund reform

May 6, 2012

Democrats are joining Republicans in putting pressure on the Securities and Exchange Commission not to tighten regulations governing money market funds. In a move similar to the bipartisan opposition to a pending Labor Department regulation...

Retail money fund deposits fall as investors go to online banks, insurers

April 30, 2012

Many financial advisers aren't surprised that investors pulled $10 billion from money market funds in a recent week as they sought out higher-yielding options to park cash. “More people today are looking at many other options than money markets,...

SEC beware, money funds can bring system down

April 19, 2012

News reports suggest that the Securities and Exchange Commission may be backing away from a reform of money-market funds. This would be a mistake. The debate over how to overhaul prime money-market funds has focused on preserving the commercial...

Federated not done shopping for money market funds

April 15, 2012

Federated Investors Inc.'s pending acquisition of $5 billion in money market fund assets from Fifth Third Bancorp is seen as the start of a buying spree for the firm. Low interest rates, increased capital requirements for banks and the possibility...

Break-buck mountain: Schapiro facing uphill fight to reform money funds

April 12, 2012

Divisions within the U.S. Securities and Exchange Commission could prompt a panel of regulators from other agencies to intervene in a debate over strengthening rules governing the $2.6 trillion money-market fund industry, three people familiar...

U.S. Chamber taking money fund campaign to the street — and below it

April 12, 2012

The U.S. Chamber of Commerce is bringing its opposition to money market fund regulation right to the Securities and Exchange Commission. Beginning next week the business lobby will take over the advertising space inside the Union Station Metro...

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