Where does the report stand on the risks that market funds may present to the financial system as a whole?
The Working Group acknowledges that the money market as a whole is systemically important, but notes that no single money market fund is large enough to pose a systemic risk. The Working Group’s recommendations will protect investors and the money market by increasing the resiliency of money market funds, especially in extreme financial circumstances. The Working Group also proposes developing a reporting regimen for all institutional investors in the money market to enhance regulatory authority and knowledge of market conditions.
