RBS says the sale is part of its move to focus on its core businesses
Possible reforms in the U.S. and Europe threaten the traditional structure of constant net asset value funds
Change in investment objective would see management fees rise
Report makes 15 recommendations
Liquidity good
Money market funds are one important channel through which European crisis could impact U.S. financial markets
IFIC stresses domestic regulation of money market funds in submission to IOSCO
Report proposes a range of possible policy options to address systemic risks posed by funds
Asset managers and money market funds designated as SIFIs will see their expenses go up
The performance of money market funds during financial turmoil highlight their potential to spread or amplify a crisis