publication . Part of book or chapter of book . Book . 2014

Part 1 Money Market Funds in the EU, 3 European Regulatory Framework of Money Market Funds

Portuese, Aurelien; MacNeil, Iain;
Open Access
  • Published: 01 Jul 2014
  • Publisher: Oxford University Press
  • Country: United Kingdom
Abstract
Money market funds are widely used by all types of investors, including households, corporate treasurers, pension funds, or insurance companies, who regard money market funds as a ‘safe’ short-term liquid asset class for investing cash. In this case they are proxies to cash deposits. Money market funds are themselves key lenders to issuers of short dated high quality money market instruments. They provide an important source of funding for a variety of institutions such as sovereigns, banks, and companies. Active trading by money market funds is vital to the liquidity of various high-quality markets for commercial paper, short-term bank debt, and sovereign debt....
Subjects
free text keywords: money market funds, EU banking law, EU financial law, Financial system, Business, Bond market, Finance, business.industry, Money market
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