It might be the dog days of summer, but regulators and policy makers continue to make headlines. The key stories from this past week were the SEC’s ruling on money market reform, the fourth anniversary of Dodd-Frank and President Obama announcing planned steps to stem the rising number of corporate inversions for tax purposes. As CFP Director, Russ Wermers commented on the money-market reform ruling – it will be interesting to see how all of this plays out over the coming months.
Next week, monetary policy returns to forefront as the Federal Reserve meets on Tuesday and Wednesday. Little is expected to change on the surface of the statement, but markets will be watching to see if she starts to lay the groundwork for the months ahead as the bond program expires. CFP Special Fellow and Professor of International Economic Policy, Phillip Swagel, commented on this in his WSJ Op-Ed last week.
Weekly News Round-Up
Dodd-Frank’s Four Years of Doing Nothing
Dodd-Frank at a Crossroads
Obama Says Tax Law Needs to Stop ‘Corporate Deserters’
SEC’s long path to money market fund reform ends in compromise
IMF Lays Out Own Fed Exit Strategy
NYT: The Importance of Shedding Some Light on Dark Pools
SIFMA Publishes Recommendations for Enhancing Fairness, Stability and Transparency in US Equity Markets