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In a paper titled "Money Market Mutual Funds: Stress Testing and the New Regulatory Requirements," NERA Economic Consulting experts propose an "econometric and data simulation framework" for full compliance with SEC stress testing requirements." The paper provides a brief description of the failure of the Reserve Primary Fund, a money market fund with high exposure to the debt securities of Lehman Brothers. The authors summarize the changes to the regulation of money market funds made under ICA Rule 2a-7 as a consequence of this failure. The majority of the paper concerns the creation of an