Comment: Gensler’s concerns about 'thin' US commercial paper, CD markets echo global worries about money market funds
By Neil Roland ( June 17, 2021, 21:23 GMT | Comment) -- US Securities and Exchange Commission chief Gary Gensler’s linkage of the commercial paper and certificate of deposit markets to the need to strengthen SEC money-market fund rules mirrors the concerns of global authorities. While Gensler didn’t call for changes in what he called the “thin” CP and CD short-term debt markets last week, they will be part of a Financial Stability Board consultation in July, with proposals to improve the resilience of money market funds aimed at hedge funds, insurers and pensions, FSB chief Randal Quarles has said.US Securities and Exchange Commission chief Gary Gensler’s linkage of the commercial paper and certificate of deposit markets to the need to strengthen SEC money-market fund rules mirrors the concerns of global authorities....
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