Friday, the House FinServ Capital Markets Subcommittee held a hearing to receive industry and academic comments on money market mutual funds (MMFs) regulation.  While the Greek Crisis was a hot topic of conversation, a general consensus seemed to emerge among the Subcommittee members that more must be done to understand the implications of mandating a floating net asset valuation model on the MMF industry and in designating any mutual fund as a SIFI.  This report analyzes the hearing, during which Republican Members were strongly opposed to providing any form of government backstop to the industry, and Democratic Members sought to protect retail investor access to this important market.

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