*BoE looks at how to end crisis-era money market measures. LONDON, Aug 20- Bank of England policymakers have started to discuss how to end crisis-era measures which pegged overnight money market rates to the central bank's official interest rate, the BoE said on Wednesday.» Read More
BOSTON, July 23- New rules announced on Wednesday will likely drive safety-oriented retail investors away from some money market funds because they highlight risks and make it harder to pull cash out when market turmoil strikes.
WASHINGTON, July 23- U.S. regulators adopted moderate reforms for money market mutual funds on Wednesday, in what amounted to a compromise that aims to balance the need to reduce the risk of runs on the funds while still protecting the product's utility for investors.
The Securities and Exchange Commission on Wednesday adopted new rules aimed at forestalling runs on money market funds, notably one which will force' prime' institutional funds to allow their value to float.
The SEC adopted rules designed to curb the risk of investor runs on money market funds.
Regulators are expected to vote to end the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.
The reform will impact a wide variety of asset managers, from Blackrock Inc, Fidelity and Vanguard to Charles Schwab Corp, Pimco and Federated Investors Inc.. The two-pronged reform for the $2.6 trillion industry comes after a long battle between the SEC, the industry and federal banking regulators.
WASHINGTON, July 22- The U.S. Chamber of Commerce made a last-ditch plea on Tuesday to federal securities regulators, urging them not to adopt rules that will change how some money market funds are valued and could cause companies to park their cash elsewhere.
WASHINGTON, July 16- The U.S. Securities and Exchange Commission announced late Wednesday it will meet July 23 to vote on final rules aimed at reducing investor risk in money market mutual funds. The SEC did not disclose details on how the rule will look. The SEC also said it will repropose a set of money fund rules that reference credit ratings.
NEW YORK, July 10- Investors added more than $19 billion in new cash to U.S.-based stock and money market funds in the latest week as the second-quarter earnings season kicked off, data from Thomson Reuters' Lipper service showed on Thursday.
LONDON, June 10- An all-time low for euro zone money market rates bolstered the region's bond rally and held down the euro on Tuesday, providing clear evidence that the European Central Bank's latest support measures are gaining traction.
LONDON/ FRANKFURT, April 24- The amount of spare cash in the euro zone banking system fell to its lowest levels in 2-1/ 2 years on Thursday, pushing up short-term money market rates and adding impetus for the ECB to loosen policy further.
Any policy other than allowing all money market funds to fluctuate in value, as they surely do anyway, rather than adopting the protective coloring of an artificial $1.00 share price is a huge mistake and a disservice to investors and taxpayers alike.
The SEC is still actively eyeing a plan that would force prime institutional money market funds to abandon their stable $1 per-share net asset value and float their share price.
*ECB disappoints bears, euro seen rising to $1.40. LONDON, March 7- The euro raced to a 2-1/ 2 year high against the dollar on Friday as short term money market rates rose on signs that the European Central Bank's balance sheet was contracting at a time when other major central banks were still expanding theirs.
CNBC's Rick Santelli talks with Charles Biderman, TrimTabs Investment Research founder & chairman, about where investors are placing their bets now and what's happening in money markets.
Robert Tipp, Prudential Fixed Income; Brian Belski, BMO Capital Markets, and Rebecca Patterson, Bessemer Trust, discuss whether the rise in yields is over and if money will migrate from bonds into equities.
Why are mass amounts of investors bailing from bond funds and emerging market equities? Charles Biderman, TrimTabs Investment Research, shares his insight.
Alexandra Lebenthal, President and CEO of Lebenthal & Co, provides a strategy for investors to bank profits when the Fed begins winding down its bond-buying policies.
Mark Matthews, Head of Research Asia at Bank Julius Baer discusses how the markets have not transitioned into looking at China as a value investment, from its previous growth investment view.
Martin Lakos, Division Director at Macquarie Private Wealth, says the rotation from bonds to equities is in full flow, despite concerns over the U.S. 'sequester' spending cuts.