Is Money Market Fund Reform Finally Coming?

In her Securities Regulation column, Roberta S. Karmel, Centennial Professor of Law and codirector of the Center for the Study of International Business Law at Brooklyn Law School, writes that although the investment company industry and others have continued to lobby against a floating NAV and some of the other possible reforms, such as capital buffers, that have been under discussion, the money market reform train seems to have left the station.

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