ICMA responded to the European Commission’s Targeted Consultation on the functioning of the Money Market Fund Regulation. 
      
    
    
      As well as addressing the technical 
points in the Consultation, ICMA  suggested that a shift of focus away 
from individual MMF structures towards the efficiency and resilience of 
the underlying market would be more appropriate, by reference to its 
recent White Paper on The European Commercial Paper and Certificates of Deposit Market,
 which addresses potential vulnerabilities in the CP market, and 
proposes initiatives and recommendations that could support the 
development of market structure and enhance resilience. 
		
		
full paper: responded
ICMA
      
      
      
      
        © ICMA
     
      
      
      
      
      
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