Floating it out there

US overhauls of money market funds won’t immediately affect Asia, but it raises the spectre of great change in the industry.
Floating it out there

The United States Securities and Exchange Commission (SEC) recently announced sweeping changes to the structure and operations of US-domiciled money market funds (MMFs). Not since the 1940s has such a dramatic overhaul occurred in the normally sleepy world of short-term cash investment.

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