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Agenda and Panelists for Today's SEC Money Fund Roundtable

The SEC has announced the agenda and panelists for today's roundtable discussion on money market funds and systemic risk.  The roundtable scheduled to begin at 2:00PM today will feature participants from the Financial Stability Oversight Council and stakeholders in the money market fund industry, academics, and regulators who will exchange views on mitigating systemic risks associated with money market funds.  The members of the Financial Stability Oversight Council scheduled to participate are:

Chairman Sheila C. Bair 
Federal Deposit Insurance Corporation

Chairman Gary Gensler 
Commodity Futures Trading Commission

Chairman Deborah Matz 
National Credit Union Administration

Governor Daniel K. Tarullo 
Member, Board of Governors of the Federal Reserve System

Under Secretary Jeffrey A. Goldstein 
United States Treasury, Domestic Finance

Mr. Mario L. Ugoletti 
Special Advisor, Office of the Director 
Federal Housing Finance Agency

 The full list of roundtable participants is available at:  http://www.sec.gov/spotlight/mmf-risk/mmf-risk-participants.htm

The discussions will include, but will not be limited to, options raised in the October 2010 President's Working Group report on possible money market fund reforms.  The full agenda is as follows:

2:00-2:10 p.m. Opening Remarks - Chairman Mary L. Schapiro
2:10-2:20 p.m. Introductions - Participants and Moderators
2:20-3:05 p.m. Discussion - Potential for Money Market Funds to Pose a Systemic Risk to Broader Markets
  1. What makes money market funds vulnerable to runs? 
  2. How should the role of money market funds in the short-term funding market be viewed through the prism of systemic risk analysis?
3:05-3:20 p.m. Break
3:20-5:00 p.m. Discussion - Regulatory Options and their Implications
  1. Floating NAV vs. Bank regulation 
  2. Hybrid approaches to regulation: Private liquidity bank 
  3. Hybrid approaches to regulation: Mandatory reserve/capital requirements 
  4. Hybrid approaches to regulation: Liquidity fees


The roundtable is not open to the public, but is freely available via live webcast on the Commission's website at www.sec.gov.  If you are reading this post after the event has already concluded, the roundtable webcast will be archived for later viewing also on www.sec.gov.  

The full text of the SEC's announcment is available at:  http://www.sec.gov/news/press/2011/2011-107.htm