Fitch: U.S. Banks to Weather Money Fund Reform

April 8, 2015 8:16 PM

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(The following statement was released by the rating agency) NEW YORK, April 08 (Fitch) The largest U.S. banks will likely be only marginally impacted by asset shifts resulting from money fund reform, given the banks' low reliance on money fund financing, according to a Fitch Ratings report.

Fitch Ratings expects new U.S. money market fund (MMF) regulations to gradually result in outflows from institutional prime money funds and a shift to alternative investments during the two-year reform implementation period ending in October 2016. Estimates of the magnitude of potential outflows ran...

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