The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
The US money market reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. The European money market fund reforms became legally effective in July 2017.
This was the start of an 18-month transition period for existing funds to comply. Full compliance with the regulation will be required by January 21 2019.
While the reforms are similar, they are not the same. GTNews interviewed Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
What can Europe learn for the US money market fund reforms?
How will Europe’s experiences differ to the US’ experience of money market reforms?
Read more on the money market fund reforms in Europe here.
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