Iosco calls for tighter regulation of money market funds

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The International Organization of Securities Commissions (Iosco) has published a report containing 15 recommendations aimed at strengthening the regulation of money market funds, despite opposition from the US Securities and Exchange Commission (SEC).

Money market funds totalled around $4.7 trillion in assets under management in the first quarter of 2012, accounting for some 20% of collective investment schemes worldwide, according to Iosco estimates. During the early days of the global financia

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