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By François MASQUELIER, Chair of ATEL
Money Market Funds (i.e., MMF’s) have a major role to play in the economy, even in times of recession and even when interest rates are very low or even negative. By constantly trying to reform an asset to make it more resilient, for example, there is sometimes a risk of distorting it and making it a less attractive product for investors and managers. When a product is a means of short-term financing, it can impact the entire chain. By trying to do better, we can sometimes do less well than better.
ESMA consultation on MMF’s
The European Securities and Markets Authority (ESMA) has launched a consultation aimed at possibly reforming money market funds. Yet, these are...
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