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U.S. money market fund reforms could impact on catastrophe bonds: S&P

Recent proposals from the U.S. Securities & Exchange Commission (SEC), regarding tightening of money market fund (MMF) regulations, could impact the catastrophe bond and insurance-linked securities market. Most cat bonds, ILS and many collateralized reinsurance transactions utilise money market funds as collateral assets.The proposals from the SEC, made on the read the full article →