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Time to Move on from Prime Money Market Fund Alarmism

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During the global financial crisis (GFC) and the COVID crisis, as financial markets experienced severe stress, investors withdrew large sums from institutional prime money market funds (MMFs) (Figure 1). Following these events, regulators introduced reforms aimed at strengthening...

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ICI Response to the FCA's Second CCI Consultation

The Investment Company Institute submitted a letter in response to the Financial Conduct Authority’s CP25/9, the second consultation paper on a new product information framework for Consumer Composite Investments, addressing the transaction cost methodology, transitional provisions...