IOSCO recommends global rules for money market funds

10/9/2012 | Business Standard (India) · Reuters · Bloomberg Businessweek

Money market funds would face global regulation under rules proposed by the International Organisation of Securities Commissions, as part of the Group of 20's focus on shadow banking. IOSCO said the standards would ensure industry integrity, although "implementation of some recommendations may need to be phased in, in order to avoid disruptive impacts on the [money market fund] industry and the functioning of the financial system at large".

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Business Standard (India) · Reuters · Bloomberg Businessweek

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