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UK regulators plan tougher rules for money market funds


© Reuters. FILE PHOTO: Financial Conduct Authority’s (FCA) logo is seen at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville

LONDON (Reuters) – Money market funds, which came under severe stress when economies went into lockdown to fight COVID-19 two years ago, may have underlying vulnerabilities that need addressing, Britain’s financial regulators said on Monday.

The Financial Conduct Authority and the Bank of England published a discussion paper on potential reforms of the sector, saying there is concern that threats to financial stability remain.

Money market funds may need tougher rules, say UK regulators

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