Money market funds serve as important investment vehicles and function as major sources of liquidity for businesses, financial institutions and governments. Today, we have a high degree of regulatory activity in the money market fund space with regard to the operation of these funds subsequent to the wide ranging regulatory changes in 2010. Further regulatory action designed to increase the safety of the industry is likely to come into play in 2012,but significant thought and deliberation is necessary to ensure that the MMF industry continues to thrive.
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