PWG Issues Report on Money Market Fund Reform Options

November 01, 2010
The President’s Working Group on Financial Markets recently released a long-awaited report that analyzes the alternatives for the fundamental reform of money market funds. The report acknowledges that the SEC’s adoption of amendments to the regulatory structure governing money market funds earlier this year was an important “first-step” in making money market funds more resilient and less risky. However, the report recommends that more be done to address systemic risks and the structural vulnerabilities of money market funds to runs. This update examines the alternatives for the fundamental reform of money market funds analyzed in the report.