Brussels, 29/04/2015 (Agence Europe) - On 29 April, the European Parliament endorsed a negotiating position on the draft EU regulation on European rules for money market funds. The report by Neena Gill (S&D, United Kingdom) got a bigger majority (467 to 155, with 51 abstentions) than in the vote at the EP's Economic Affairs Committee.
The report provides for the creation of three new types of CNAV (constant net asset value funds), namely Public debt CNAVs, CNAVs that invest most of their...