ESMA Mulls Beefing Up Money-Market Rules After COVID
Law360, London (March 26, 2021, 11:52 AM GMT) -- Europe's top securities regulator said on Friday that it is considering whether to reform the $7 trillion money-market funds sector after the revenue source used by non-bank finance companies came under intense pressure during the COVID-19 pandemic.
The European Securities and Markets Authority said it is consulting the sector on how to toughen its supervision of so-called money-market funds, or MMFs, which are used by individuals and businesses mainly for investing excess cash for short periods. The consultation is due to end on June 30.
"The COVID-19 crisis has been challenging for MMFs," Steven Maijoor, the watchdog's chairman, said. "A number of EU...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!