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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 →