Brussels, 26/02/2015 (Agence Europe) - The committee on economic and monetary affairs of the European Parliament (ECON) has supported the general approach taken by Neena Gill (S&D, UK) to the proposed regulation aiming to bring in a European framework for money market funds.
The rapporteur distanced herself, to an extent, from the Commission's proposal, which aimed to oblige constant net asset value funds (CNAV), which offer constant remuneration irrespective of market fluctuations, to hold...