• Skip to primary navigation
  • Skip to main content
Logo
Open search bar
  • About
    • Todd Cipperman
    • Why Choose Us
  • Services
    • Money Managers
    • Registered Funds
    • Private Equity
    • Broker-Dealers
    • CyberSecure - Funds
  • In The News
  • Outsourced CCO
  • Client Engagement
  • Resources
    • Helpful Information
    • Regulatory Exams
    • Executive Interviews
    • Blog
    • Podcasts & Videos
    • Best Practices
  • Contact Us

Our Take Blog

Home
Our Take Blog
SEC Proposal Would Saddle Directors with Assessing Credit for Money Market Funds

SEC Proposal Would Saddle Directors with Assessing Credit for Money Market Funds

The SEC has proposed eliminating the credit rating criteria for eligible securities for money market funds. Instead, the Board (or its delegate) would have to determine whether the security’s issuer “has the highest capacity to meet its short term funding obligations” or presents “minimal credit risks.” The Board would also assume responsibility for assessing credit risks of securities underlying repurchase agreements. 


 OUR TAKE: The Board now will shoulder the responsibility for credit issues. It essentially forces the Board into portfolio management decisions. 

 http://www.sec.gov/news/press/2011/2011-59.htm
Back to Top
logo
480 E. Swedesford Road, Suite 220, Wayne, PA 19087
610-687-5320
LinkedIn Twitter
© 2020 Marlivia Properties LLC