Posted 8/21/2023, 5:14:01 PM

Liquidity Fees, Swing Pricing, and the 2023 Money Market Fund Reforms

The SEC's 2023 reforms for the U.S. money market fund industry eliminate the link between weekly liquid assets and the option to impose fees and redemption gates, introducing mandatory "dynamic" liquidity fees based on same-day net outflows instead.

newyorkfed.org

Relevant topic timeline:

9/3/2023

Why wealthy customers are the 'most worrisome' for banks right now

Money-market fund assets reach new all-time high as interest rates attract investors, posing challenges for struggling banks that have seen deposit outflows.