Money Market Fund Regulations Still Unresolved

The Securities and Exchange Commission released a 700+ page explanation of its proposed money market reforms over the summer, but even after hearing from all major players it seems that some key questions have yet to be resolved. “The fact that the type of money funds that will face a floating NAV and the details of moneyfund redemption restrictions are still unresolved came as a surprise to us – and we suspect to others,” wrote RBC Capital Markets analyst Eric N. Berg. Money market fund shares at the end of 2011 Going back to last year, money funds were terrified…