Relief for EU money market funds on liquidity buffers
Final compromise regulation not expected to trigger large fund reallocations, unlike US
The EU money market fund (MMF) industry is reacting with relief to a final legislative compromise that should enable a smooth transition to a set of new, more regulated fund formats – and in particular an easing of rules on weekly liquidity buffers.
"We were pleased that the European institutions were able to agree a pragmatic approach to money market reform. The constant net asset value funds in particular face very tight regulation in the future, but we welcome this and believe the industry is
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