CMA response to the European Commission’s Targeted Consultation on the functioning of the Money Market Fund Regulation
18 May 2022
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
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