Fitch: Regulatory Changes Upending Banks and MMFs Relationships

April 23, 2015 4:54 PM

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(The following statement was released by the rating agency) NEW YORK, April 23 (Fitch) Changes in the U.S. regulatory environment will reduce the ability of money market funds (MMFs) to provide funding to banks, according to Fitch Ratings.

However, we believe this should have minimal impact on U.S. banks that have been relying less on this form of funding due in large part to regulatory pressures of their own. MMF regulatory reforms adopted by the Security and Exchange Commission (SEC) including the introduction of floating net asset ...

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