FSOC lacks authority to recommend MMF rules, groups say

02/18/2013 | Bond Buyer (free content), The

Industry groups have filed comment letters arguing that the Financial Stability Oversight Council does not have legal authority to recommend regulations governing money market funds. SIFMA raised concerns about the recommendations from FSOC and said regulations implemented in 2010 have improved the funds' resilience.

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Bond Buyer (free content), The

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