Money Market Funds Regulation and Working Group on Sterling Risk-Free Reference Rates: Difference between pages

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''Financial market regulation - European Union.''
''Risk-free interest rates''.


(MMFR).  
The Working Group on Sterling Risk-Free Reference Rates supported the development and adoption of alternative near risk-free benchmarks for sterling, mainly SONIA.


Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (MMFs).


It became mandatory for all funds from January 2019, and for new funds from July 2018.
Also known as the ''UK RFRWG''.




Under the Regulation there are three types of Short-term MMF:


* Public Debt CNAV
==See also==
* Low Volatility NAV (LVNAV)
*[[Alternative Reference Rates Committee]]  (ARRC)
* Variable NAV (VNAV)
*[[Benchmark]]
*[[Canadian Alternative Reference Rate Working Group]]  (CARR)
* [[IBOR Transformation Australian Working Group]]
*[[LIBOR]]
*[[Risk-Free Rate Working Group]]
*[[Risk-free rates]]
*[[SOFR]]
*[[SONIA]]
* [[Steering Committee for SOR & SIBOR Transition to SORA]]  (SC-STS)
* [[Sterling Loan Conventions]]




There is just one type of Standard MMF:
==Other links==
* Variable NAV (VNAV)
 
 
Short-term MMFs are required to adhere to tighter investment rules than Standard MMFs.
 
 
Short-term funds may be constantly or variably priced, depending on the fund category.
 
Only Public Debt CNAV and LVNAV funds are allowed to be constantly priced.


*[https://www.bankofengland.co.uk/markets/transition-to-sterling-risk-free-rates-from-libor/working-group-on-sterling-risk-free-reference-rates Working Group on Sterling Risk-Free Reference Rates - Bank of England]


Standard MMFs are always variably priced.
*[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]]


*[[Media:The_Treasurer_-_LIBOR_-_Goodbye_to_all_that.pdf| LIBOR: Goodbye to all that, The Treasurer]]


== See also ==
*[https://www.bankofengland.co.uk/markets/sonia-benchmark SONIA and other benchmarks]
* [[Accumulating net asset value]]
* [[Constant net asset value]]
* [[European Union]]
* [[FAM]]
* [[Liquidity fee]]
* [[Liquidity Fund]]
* [[Low-volatility NAV]]
* [[m]]
* [[mf]]
* [[Money market]]
* [[Money market fund]]
* [[Money market fund reform: a light at the end of the tunnel?]]
* [[Redemption gate]]
* [[Regulation]]
* [[Reverse distribution mechanism]]
* [[Variable net asset value]]
* [[Weighted Average Life]]
* [[Weighted average maturity]]
 
 
==Other links==
*[http://www.treasurers.org/ACTmedia/Fitch%20Question%20Responses%20MMFs.pdf MMF reform: how will it affect treasurers? Fitch-ACT]
 
*[http://www.treasurers.org/node/9362 Lesson from America, The Treasurer, September 2013]


*[http://www.treasurers.org/node/8266 Credit matters, The Treasurer, October 2012]
*[https://www.fca.org.uk/news/statements/fca-statement-libor-panels FCA: Statement on LIBOR panels]


*[http://www.treasurers.org/node/8103 Understanding MMF investments, The Treasurer, September 2012]
*[https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2018/ARRC-Second-report ARRC: Second Report]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Liquidity_management]]

Revision as of 19:03, 23 November 2022

Risk-free interest rates.

The Working Group on Sterling Risk-Free Reference Rates supported the development and adoption of alternative near risk-free benchmarks for sterling, mainly SONIA.


Also known as the UK RFRWG.


See also


Other links

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