| Author (Corporate) | Council of the European Union: General Secretariat |
|---|---|
| Series Title | Press Release |
| Series Details | PRES/334/16 (15.06.16) |
| Publication Date | 15/06/2016 |
| Content Type | News |
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On 15 June 2016, the Permanent Representatives Committee (Coreper) agreed, on behalf of the Council of the European Union, a negotiating stance on a draft regulation on money market funds, aimed at making such products more robust. The draft regulation was intended to ensure the smooth operation of the short-term funding market, maintaining the essential role that money market funds play in the financing of the economy. The Council confirmed Coreper's agreement at a meeting on 17 June 2016, and asked the presidency to start talks with the European Parliament. The Parliament's ECON committee approved its negotiating stance in March 2015. |
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| Source Link | Link to Main Source http://www.consilium.europa.eu/en/press/press-releases/2016/06/15-money-market-funds/ |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
