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Prepared Remarks Before the Investor Advisory Committee

· 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 WikiPrepared Remarks Before the Investor Advisory Committee

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

Why it mattersGensler explains why money market fund rules now use liquidity fees.

Problems raised
  1. Bond funds faced stress in 2020.
  2. Money market funds need more liquidity.
  3. Fund liquidity tools were weak.
Solutions proposed
  1. Learn from the Fed's market interventions.
  2. Adopt money market fund reforms.
  3. Use liquidity fees instead of swing pricing.
Read full speech on sec.gov ↗

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