Some highlights from Monday’s FTfm.
Plan to ban money fund bailouts
European regulators are believed to be exploring controversial plans to ban managers of money market funds from bailing out investors if their funds suffer a loss. Although such bailouts has proved crucial for the industry, the fact that sponsors are not required to do so is thought to be destabilising in itself
‘Securities watchdogs need more powers’
The head of Iosco says rules are of little use if there are no powers of enforcement especially as the number of global financial markets is growing all the time. Read more