Money market funds, systemic risk on SEC agenda

Washington, D.C., May 6, 2011 – The Securities and Exchange Commission today announced the panelists and final agenda for the Money Market Funds and Systemic Risk Roundtable to be held May 10.

The roundtable will address:

  • The potential for money market funds to pose a systemic risk to broader financial markets – what makes money market funds vulnerable to runs and how should the role of money market funds be viewed through the prism of systemic risk analysis.
  • Possible options for further regulatory reform and their implications, including floating NAV, bank regulation, and options that reflect a hybrid of these regulatory approaches: a private liquidity bank; mandatory reserve or capital requirements; and liquidity fees.

The agenda and list of panelists can be found on the SEC website.

The roundtable discussion will begin at 2 p.m. and be available by webcast on the SEC website. The webcast also will be archived for later viewing. Public seating to view the webcast will be available in the auditorium at the SEC’s headquarters at 100 F Street NE in Washington, D.C.

Members of the public who wish to provide their views on the matters to be considered at the roundtable discussion may submit comments to the comment file for the President’s Working Group Report on Money Market Fund Reform, as noted below. Comments to the Commission may be submitted by any of the following methods:

Electronic Comments

  • Use the SEC’s Internet comment form or send an e-mail to rule-comments@sec.gov and include File Number 4-619 on the subject line; or
  • Use the Federal eRulemaking portal (www.regulations.gov). Follow the instructions for submitting comments.

Paper Comments

  • Send paper comments in triplicate to Elizabeth Murphy, Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, D.C. 20549-1090.

All submissions should refer to File Number 4-619. To help process and review your submissions more efficiently, please use only one method. The Commission will post all public comments on the SEC website. Please note that all comments received will be posted without change. The Commission does not edit personal identifying information from submissions. Submit only information desired to be made available publicly.

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