Regulatory Outlook | 03.31.21
Yellen Plans to Reinvigorate Financial Risk Panel
Treasury Secretary Janet Yellen on Wednesday will lead her first meeting of the Financial Stability Oversight Council (FSOC), focusing on a variety of issues, including the activities of money market funds (MMFs) during the market turbulence last year. The FSOC isn't scheduled to take any regulatory action on the matters, but the members could discuss them and decide if further study or action should be considered. Industry groups are broadly warning policy makers against new restrictions that eliminate the attractiveness of financial products such as MMFs.
Read the full article on Wall Street Journal.