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Explainer: Why is the U.S. SEC reforming money market funds?

The U.S. Securities and Exchange Commission (SEC) on Wednesday finalized long-awaited regulations to improve the resilience and transparency of the roughly $5.5 trillion U.S. money market fund industry. ....

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Private equity gears up for a deal fest Down Under

Australians are a sports-mad lot. So it’s fitting that one of the country’s most hotly contested deals involving overseas private equity firms is for Rugby Australia. CVC Capital Partners and Silver Lake are just two of the seven players, reports the Australian Financial Review, trying out to join the ownership team of the game’s national governing body. It’s an unusually competitive battle in a slow year for financial sponsors. It’s also a teaser for the deal fest buyout shops are gearing up for Down Under. ....

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Watchdog with teeth can help EU hunt unicorns

Europe wants to keep its home-grown innovators from going abroad in search of new funding, not just new sales. Yet national barriers make the European Union’s single market more of a dream than a financing resource. Far from adding red tape, joined-up supervision is a benefit the EU could offer its entrepreneurs. ....

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