FSOC releases recommendations for money market funds

11/14/2012 | InvestmentNews (free registration)

The Financial Stability Oversight Council has approved three recommendations that would stabilize money market funds in the face of a run like that of 2008. The three options it recommends are: Allow the net asset value to float; establish a 1% capital buffer along with redemption restrictions; or maintain a 3% capital buffer. These recommendations are now available for a 60-day public comment period.

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