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Geithner Gives New Life to Proposals for Regulation of Money-Market Funds
Association for Financial Professionals [AFP]
Sept. 30, 2012
"In a letter to the Financial Stability Oversight Council (FSOC) on September 27, Geithner acknowledged that MMFs were a 'significant source of short-term funding for businesses' and agreed that MMFs 'provide an important cash management vehicle for both institutional and retail investors' but called for the FSOC to begin the process of regulating the funds in the event that the SEC is 'unwilling to act in a timely and effective manner'."
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