Money Market Funds Set to Win Delay of EU Reserve Rules
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Money-market funds may win more time to comply with planned European Union rules requiring them to hoard cash reserves, a person familiar with the talks said.
The European Commission is considering whether to extend a draft timetable for funds that maintain a fixed share price to build up a cash “buffer” equivalent to 3 percent of their assets, on concerns that a short deadline could harm businesses’ access to finance, said the person, who asked not to be named because the negotiations are private.