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Comment: Money-market funds prepare pushback against reform efforts after Covid chaos

By Fiona Maxwell ( August 11, 2021, 08:13 GMT | Comment) -- Money-market funds have been held responsible by regulators all over the world for market turmoil seen in March 2020 as investors urgently sought to liquidate their positions as Covid-19 spread. But the call for tough reform of the sector is meeting pushback from the industry, which argues that although some policy changes are warranted, a large-scale overhaul could result in unintended consequences.Money-market funds are readying themselves for a regulatory fight after being handed responsibility for one of the worst events of market turmoil in a decade....

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