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Money-Market Funds May Win EU Reprieve as Lawmakers Seek Deal

Money-market funds may get an extra two years to build up cash buffers intended to ward off crises, as European Parliament legislators seek to resolve a clash over draft rules that the industry has warned would harm lending.

Said El Khadraoui, the lawmaker leading work on the measures, said he’s weighing options including giving funds an extra two years to meet the buffer requirement in a bid to clinch a deal at a vote on Feb. 17.