The Federal Reserve Bank of New York released a report that advocates limiting some types of withdrawals from money-market funds in a bid to protect those funds from suffering the equivalent of a bank run.
The Federal Reserve is contemplating accessing money market funds through clearing banks or the creation of a facility to drain cash added to the financial system, Bloomberg News reported. Read Post
U.S. securities regulators are considering shortening a money market fund's maturity limits to protect investors after last year's sudden losses in industry pioneer Reserve Primary Fund, Reuters reported. Read Post