... Conservative, active management of credit, market and liquidity risks supports stability for ratings assigned to money funds. Their management is consistent with current ratings as funds move forward with global regulatory reform. Regulatory Clarity Emerging: Recent regulatory developments in the US are providing clarity for fund managers and investors as the Securities and Exchange Commission (SEC) finalised new rules for money funds in July. In Europe, discussion on money fund regulation may be finalised in 2015. Recent proposed amendments from a rapporteur to the European Parliament are close to the US approach and would support global regulatory consistency. Cash Management Changing: Regulatory and market dynamics affecting money funds, bank deposits and short-term securities present both challenges and opportunities for investors and asset managers. As cash management options evolve in the face of regulatory changes, treasurers and other...
