Moody's Talks - Focus on Finance Regulators again try to rein in money market funds’ systemic risks
May 19, 2021
19:46
Vanessa Robert and Marina Cremonese of the Funds and Asset Management team discuss new money market fund regulations proposed in the US and EU after a material flight to quality shook short-term credit markets last year. Plus, Svetlana Pavolva of the Banking team explains the significant social risks facing banks in Commonwealth of Independent States countries.
Inside this episode:
- Svetlana Pavolva of the Banking team explains the significant social risks facing banks in Commonwealth of Independent States countries. (begins at 3:26)
- Vanessa Robert and Marina Cremonese of the Funds and Asset Management team discuss new money market fund regulations proposed in the US and EU after a material flight to quality shook short-term credit markets last year. (begins at 10:31)
Related content:
- Banks – Commonwealth of Independent States: “Civil unrest and demographic changes pose substantial social risks - Banks in the region are facing substantial social risks stemming from demographic and societal trends, as well as customer relations.
- Money Market Funds – Cross Region: Money market funds face more rule changes after coronavirus turmoil - Regulators intend to review MMF rules this year after the financial market impact of the coronavirus crisis in March 2020 raised concerns about the sector's systemic risk.
- Money Market Funds – US: Funds face bear market on flight to quality - Money market funds face two main risks: uneconomic yields on Treasury and government funds and sharp NAV declines for credit-sensitive funds.