Money-Market Funds Brace for Biggest Regulatory Revamp in Years
- US Securities and Exchange Commission set to vote Wednesday
- Industry still uncertain as to what regulations will look like
The SEC said in June a long-awaited money-market overhaul was on its short-list.
Photographer: Graeme Sloan/BloombergThis article is for subscribers only.
The money-market industry is gearing up for its biggest overhaul in years.
Conference rooms are being reserved and snacks stockpiled as participants in the $5.5 trillion space await the US Securities and Exchange Commission’s vote Wednesday on rules reshaping the money-market industry for the third time since 2008.