FSOC considers Fed supervision of money market funds

12/14/2012 | Bloomberg · Reuters

The Financial Stability Oversight Council, chaired by Treasury Secretary Timothy Geithner, talked about the possibility of placing money market mutual funds under the Federal Reserve's supervision. Treasury spokeswoman Suzanne Elio said the council discussed a provision of the Dodd-Frank Act that would let FSOC designate "money-market mutual funds or their sponsors or advisers for Federal Reserve supervision and enhanced prudential standards." Learn more at SIFMA's Money Market Reform Resource Center.

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Bloomberg · Reuters

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