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From The Vault: Funds, Flight, And Financial Stability

Saturday, October 29, 2016 4:54
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(Before It's News)

from Liberty Street Economics

– this post authored by Anna Snider

The money market industry is in the midst of significant change. With the implementation this month of new Securities and Exchange Commission rules designed to make money market funds (MMFs) more resilient to stress, institutional prime and tax-exempt funds must report more accurate prices reflecting the net asset value (NAV) of shares based on market prices for the funds’ asset holdings, rather than promising a fixed NAV of $1 per share.

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