IDC Webinar: Money Market Fund Reforms and New Board Responsibilities

In 2014, the Securities and Exchange Commission (SEC) adopted significant reforms for money market funds, which include new and expanded responsibilities for fund directors. This webinar featured a panel of industry experts to discuss the new board responsibilities, including those related to the imposition of liquidity fees and redemption gates.

Materials

• Archive recording
• Presentation slides (pdf)

Highlights

The webinar covered the following topics:

• New types of money market funds—“retail” and “government”
• Liquidity fees and redemption gates: policies and procedures
• Valuation guidance
• Stress testing, diversification, and disclosure

Featured Speakers

Annette Capretta, Moderator
Deputy Managing Director
Independent Directors Council

Stephen A. Keen
Senior Counsel
Perkins Cole LLP

Susan B. Kerley
Independent Director
Legg Mason Partners Fixed Income Board and MainStay Funds

Frank J. Nasta
Managing Director, Head of JPMorgan Funds Management Legal
J.P. Morgan Asset Management

This webinar was closed to the media.