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May 23 21
Last week, Crane Data hosted its latest webinar Handicapping Money Fund Reforms, which featured our Peter Crane and Dechert LLP s Steve Cohen discussing the latest developments on further Money Market Fund Reforms and when to expect a regulatory proposal from the SEC. We quote from the session below. The recording is available here for those that missed it. (Note: Mark your calendars for our next free webinar, Asian Money Fund Symposium, which will take place June 17 from 10am-12pm EDT. Register here: https://attendee.gotowebinar.com/register/1572569223058129680.)
Cohen comments, As we talk about what s going on, with future reforms as well as the 2014 reforms, you ll see that the regulators have really moved away from just that idea of trying to preserve the fund s stable NAV and have really focused more on systemic risk. They ve been focused on potential redemptions; heavy redemptions from money market funds that
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New SEC chair faces challenges from other regulators
The responses of other federal agencies concerned about developments in securities markets may conflict with the SEC s core missions.
May 14, 2021
The new SEC chairman, Gary Gensler, faces difficult issues involving securities regulation.
However, his greatest challenges may come from a largely unexpected quarter the actions of other federal agencies.
These agencies are concerned that developments in securities markets impact their regulatory missions. Their responses may conflict with the SEC’s core missions of protecting investors, maintaining fair markets, and facilitating capital formation.
BANK REGULATORS
Mutual funds’ growth has caught the attention of bank regulators, who regard many funds as “shadow banks” that should be subject to bank-type regulation.
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Vice Chair of Global Public Policy at Bloomberg, Mary Schapiro, joins Morning Joe to discuss how the finance sector can help battle climate change.April 27, 2021
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