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Political agreement on Money Market Funds Regulation

01/01/2017

On 14 November 2016, the European Commission, the European Council and the European Parliament stroke a provisional political agreement on the EU regulation on Money Market Funds (MMFs), after three years of negotiations.

On 14 November 2016, the European Commission, the European Council and the European  Parliament  stroke a provisional political agreement on the EU regulation on Money Market Funds (MMFs), after three years of negotiations. An important new element of the regulation is the introduction of a permanent category of "low volatility net asset value" (LVNAV) MMFs. This new category has been made available as a viable alternative to existing ”constant net asset value”(CNAV) MMFs. The new rules will also impose stricter liquidity requirements and limit redemptions to prevent and limit the effects of sudden investor runs.

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