JOURNAL ARTICLE

Money Market Funds and N-CR Regulations.

  • Published In: Review of Pacific Basin Financial Markets & Policies, 2024, v. 27, n. 1. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Allen, Kyle D.; Baig, Ahmed; Winters, Drew B. 3 of 3

Abstract

In an attempt to make money markets safer and more resilient, regulators have created new requirements for market participants. Money market funds are now required to file a new N-CR form if a significant event occurs: for example, fund financial support or liquidity fees. We investigate whether fund stakeholders respond to the N-CR filings. We find that investors do not respond to the N-CR filings. However, fund managers, who do not need the filings to learn of the financial support, reduce the weighted average life (WAL) of the funds and increase the daily liquidity available. These actions have real costs and our results suggest the costs outweigh the benefit of the newly required Form N-CR (N-CR) filing. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Review of Pacific Basin Financial Markets & Policies. 2024/03, Vol. 27, Issue 1, p1
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • ISSN:0219-0915
  • DOI:10.1142/S0219091524500036
  • Accession Number:177568445
  • Copyright Statement:Copyright of Review of Pacific Basin Financial Markets & Policies is the property of World Scientific Publishing Company and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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