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Treasury, Fed and Regulators Release Report on Funding Markets Reform

US
(MNI) WASHINGTON
  • President's Working Group on Financial Markets, consisting of Treasury, the Fed, SEC, and CFTC, release report that examines short-term funding markets in March.
  • The report sets forth potential policy measures to improve the resilience of money market funds and broader short-term funding markets, a statement said.
  • "During March, money markets experienced significant outflows, forcing Treasury and the Federal Reserve to step in to prevent a destabilizing run. We must now consider reforms to ensure this vulnerability does not threaten financial stability in the future," said Treasury Department deputy secretary Justin Muzinich.
  • Report does not endorse any particular reform, but instead advances the study and discussion of potential policy measures that could address these risks.
  • See report here.
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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