Brussels, 20/11/2014 (Agence Europe) - Movement on the proposed regulation aiming to make the monetary funds more solid (money market fund) has been awaited for more than a year. The EP and the Council have set to work and distanced themselves a certain amount from the Commission's proposal, which aimed to oblige CNAV money market funds, which offer consistent remuneration despite market fluctuations, to hold liquidity buffers of 3% of the total assets.
Neena Gill (S&D, UK), EP rapporteur...