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Post by bot on Jul 31, 2014 20:46:37 GMT -5
WASHINGTON (MarketWatch) -- A group of federal regulators suggested they're not entirely convinced the Securities and Exchange Commission's just-passed money-market-fund rule will work. The Financial Stability Oversight Council said it "intends to monitor the effectiveness of the SEC's reforms in addressing risks to financial stability," with a particular focus on whether there's unintended consequences of liquidity fees and gates. The FSOC also said it's directing staff to take a "more focused analysis" of the risks with in the asset management industry. Finally, the FSOC said General Electric and American International Group will continue to be regulated as non-bank systemically important financial institutions and said it did not add any new companies to this list.
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