SEC Money Market Funds Roundtable Includes NCUA Chairman
NCUA Chairman Debbie Matz will be one of the panelists on an SEC roundtable on how the potential for money market funds may pose a systemic risk to broader financial markets.
The roundtable will take place today at 2:00 p.m. ET and will discuss what makes money market funds vulnerable to runs and how the role of money market funds should be viewed through the prism of systemic risk analysis, the SEC said.
Possible options for further regulatory reform and their implications including floating net asset value, bank regulation and options that reflect a hybrid of these regulatory approaches such as private liquidity bank, mandatory reserve or capital requirements and liquidity fees will also be discussed, according to the SEC.
Matz serves on the SEC’s Financial Stability Oversight Council. Other members include FDIC Chairman Sheila Bair and Daniel Tarullo, a member of the Board of Governors of the Federal Reserve System. Agency leaders from the Commodity Futures Trading Commission, United States Treasury Dept. and the Federal Housing Finance Agency are also scheduled to speak during the roundtable.
SEC Chairman Mary Schapiro will host the session, which will be available by webcast on the agency’s website.