26 October 2014

Treasury Strategies

Anthony Carfang - Treasury Strategies

4 | posts 16,300 | views 0 | comments

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

U.S. Presidential Report Extends Uncertainty for Money Funds

22 October 2010  |  3045 views  |  0

The President’s Working Group on Financial Reform issued an unusually inconclusive report on Money Market Mutual Funds.  Published thirteen months after it was originally expected, the report simply encourages the newly formed Financial Services Oversight Committee to take up the matter.

Treasury Strategies partner, Anthony J. Carfang, notes that conspicuously absent from the report were a ‘conclusions’ section and a ‘recommendations’ section.  It was, rather, an enumeration of the pros and cons of already widely discussed policy options.  Carfang suggests that this omission was a tacit acknowledgement that none of these options are superior to the status quo.

Importantly though, the report concedes that all these options, ranging from a floating NAV, to insurance, to a two-tiered fund structure, have serious unintended consequences.  The primary concern stated in the report is that corporate and institutional investors can easily move their money out of money market funds and into instruments or geographies that are beyond the jurisdiction of U.S. regulators.  It would be unwise for regulators to drive this important funding source for public and private section borrowers offshore. 

 

Treasury Strategies, a consulting firm specializing in treasury and liquidity for banks and corporations, has reported consistently over the past two years that onerous regulation of money funds would push capital offshore.  Corporate treasurers understand the risk – reward tradeoff and they have the tools to manage their funds from any point around the globe.

 www.TreasuryStrategies.com

TagsPaymentsSibos

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Anthony

U.S. Presidential Report Extends Uncertainty for Money Funds

22 October 2010  |  3045 views  |  0  |  Recommends 0 TagsPaymentsSibosGroupFinancial Services Regulation

Dangers of unlimited deposit insurance.

18 October 2010  |  3642 views  |  0  |  Recommends 0 TagsSibosWholesale bankingGroupTreasury Management

Why Are Companies Hoarding Cash?

08 July 2010  |  6289 views  |  0  |  Recommends 0 TagsPaymentsWholesale bankingGroupTreasury Management

Regs to impact companies and banks doing business in U.S.

03 July 2010  |  3325 views  |  0  |  Recommends 0 TagsPaymentsWholesale bankingGroupTreasury Management
name

Anthony Carfang

job title

Partner

company name

Treasury Strategies

member since

2007

location

Chicago

Summary profile See full profile »
Treasury Strategies, Inc. is the best consulting firm in the world - both strategically and tacti...

Anthony's expertise

What Anthony reads
Anthony writes about
Anthony's blog archive
2010 (4)

Who is commenting on Anthony's posts