WASHINGTON, D.C.—A new U.S. Chamber of Commerce Center for Capital Markets Competitiveness (CCMC) report released today finds that the operational complexity, systems alterations, and business process changes needed to support a floating NAV threaten the vitality of money market funds for most investors, including businesses and municipalities. The report titled, “Operational Implications of a Floating NAV across Money Market Fund Industry Key Stakeholders,” examines the compliance costs across key stakeholders if money market funds (MMFs) transition to a floating net asset value (NAV).
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