Proposed money market industry reforms are a "perverse mis-prioritization," say the independent...
Proposed money market industry reforms are a "perverse mis-prioritization," say the independent trustees for Fidelity's funds ($432B in MM assets). Supposedly opaque money market holdings are a "beacon of light" compared to bank balance sheets, they say. Trying to stay ahead of regulators, several of Fidelity's competitors switched yesterday to daily reporting of NAVs.
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