CFTC Chairman Gensler Remarks on Money Market Reforms

CFTC Chairman Gensler has published remarks before the Financial Stability Oversight Council in which he said that it is difficult to find the appropriate balance of money market reforms that improve their safety but do not diminish their worth as investment products. Gensler discussed the "race" of "some" investors to exit money market funds at the first sign of trouble (which he likened to some investors running from the bear in the woods while other investors sleep, presumably to be eaten by the bear).

View remarks in full here (links externally to CFTC website).