“Gimme Some Money”: Money Market Gets Another Regulatory Look

Tomorrow, traders, fund managers and other big buy-siders will be tuning in to an announcement from a Federal agency that may have far-reaching effects on how money is allocated in the U.S. This time it is not the FOMC that has their attention, but rather the Securities and Exchange Commission, which will be voting on money market reform. At issue is whether the commission will require institutional money market funds to adopt a floating net …