The Institutional Money Market Funds Association is tightening its guidelines for Europe's massive triple-A money-market funds. In a move that mirrors changes being consulted upon by the Committee of European Securities Regulators, the association will require its members to abide by higher standards on credit quality, liquidity, disclosure and maturity. Although Europe's triple-A-rated funds sidestepped issues faced by other funds during the economic crisis, the association decided stricter rules are in order.

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