Rules on money market funds are inconsistent, ESMA says

04/16/2013 | Bloomberg ·

The European Securities and Markets Authority has reviewed rules governing money market funds, finding a lack of consistency across the EU. "Our mapping on money market funds has identified that there is a need for further convergence in supervisory practices, as ultimately, divergence may hamper the proper protection of investors and may result in an unlevel playing field," Chairman Steven Maijoor said.

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