| Author (Corporate) | Council of the European Union: General Secretariat |
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| Series Title | Press Release |
| Series Details | PRES/16/737 (07.12.16) |
| Publication Date | 07/12/2016 |
| Content Type | News |
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On 7 December 2016, the Permanent Representatives Committee approved, on behalf of the Council, an agreement with the European Parliament on money market funds (MMFs). The draft regulation is aimed at making these funds more robust, ensuring the smooth operation of the short-term funding market. It sets out to maintain the essential role that money market funds play in financing the real economy. It follows efforts by the G20 and the Financial Stability Board to strengthen the oversight and regulation of the 'shadow banking' system. |
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| Source Link | Link to Main Source http://www.consilium.europa.eu/en/press/press-releases/2016/12/07-money-market-funds/ |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
