Issue Brief: Money Market Fund Reform - Measures to Reduce Systemic Risk in the Investment Industry

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4 pages
Source: CFA Institute
Linda Rittenhouse



When Reserve Primary Fund “broke the buck” in 2008, the resulting run on redemptions in money market funds triggered a domino effect on global short-term credit markets. The extraordinary measures taken by the U.S. government, and the effect felt by the short-term credit markets globally, ignited a debate about whether the current money market fund structure poses a systemic risk.

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