Money market regulation one year on from Covid-19
This roundtable discusses how, beginning in March 2020, the Covid-19 pandemic impacted financial stability, with a specific focus on the role of money markets. Among the topics the discussion addresses are:
1. What is the role of the money market industry? How does it fit into the wider ecosystem?
2. Should regulators apply rules for money market funds similar to bank-like regulatory regimes?
3. What would be the most effective framework to ensure that the industry is safe, secure and reliable?
4. How much did the money market industry contribute to instability both in 2008 and during the Covid-19 crisis?
5. What efforts did the money market industry make in these two periods to help shore up the stability of the system? And where could they have done more?
6. What support efforts did the world’s regulators and central banks have to make to stabilise the money market industry during these two periods?
Panellists:
Dalia Blass, Director of the Division of Investment Management, Securities and Exchange Commission, US (2017-20)
Amias Gerety, Acting Assistant Secretary for Financial Institutions, US Department of the Treasury (2014-17)
Vitor Constancio, Vice President, European Central Bank (2010-18)
Martina Kelly, Director – Funds, IOB and former Central Bank of Ireland
Morgan Ricks, Senior Policy Advisor, US Department of the Treasury (2009-10)
Timings:
16:00-17:30 (London)
11:00-12:30 (New York)
This meeting will be conducted under the OMFIF Rules.