What does US money market mutual fund reform portend for the European Union?

Craig M. Lewis and Christian Schlag

No 24, SAFE White Paper Series from Leibniz Institute for Financial Research SAFE

Abstract: 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.

Keywords: money market funds; liquidity runs; floating net asset value (FNAV) (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:safewh:24

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