Informal agreement on EU money market funds regulation

An informal agreement on the European Union's money market funds regulation was announced on 16 November 2016 between the European Commission, the European Parliament and the Council of the European Union, following lengthy negotiations.

The Commission had first adopted its proposal in September 2013. The Parliament's economic and monetary affairs committee adopted its position in March 2015, while the Council agreed on its negotiating position in June 2016.

MMFs provide highly liquid short-term financing, to investors seeking to diversify their portfolios, for business start-ups and small and medium-sized enterprises

• Primary Source

ESO: Background information: Money Market Funds: Measures To Improve Stability And Liquidity http://www.europeansources.info/record/money-market-funds-measures-to-improve-stability-and-liquidity-eu-legislation-in-progress-2/

ESO: Background information: Money Market Funds: Impact Assessment Of Substantive EP Amendments http://www.europeansources.info/record/money-market-funds-impact-assessment-of-substantive-ep-amendments/

ESO: Background information: Money market funds – an economic perspective: Matching short-term investment and funding needs http://www.europeansources.info/record/money-market-funds-an-economic-perspective-matching-short-term-investment-and-funding-needs/

---