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Statement before the Financial Stability Oversight Council on Money Market Funds, Open-End Bond Funds, and Hedge Funds

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

Summary written by Dark Majestic in its own words · topics: financial stability, payments, digital money and crypto-assets

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiStatement before the Financial Stability Oversight Council on Money Market Funds, Open-End Bond Funds, and Hedge Funds

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler reviews fund liquidity after the 2020 stress.

Problems raised
  1. Money market funds showed fragility.
  2. Bond fund liquidity mismatches matter under stress.
  3. Hedge funds may pose risks.
Solutions proposed
  1. Reform money market funds.
  2. Review the fund liquidity rule.
  3. Improve pricing and resilience in stress events.
Read full speech on sec.gov ↗

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