Lee Meyerson, Keith Noreika, Adam Cohen and Spencer Sloan Author Law360 Article on Money Market Mutual Fund Liquidity Facility
04.10.20
This is only gets display when printing
Partners Lee Meyerson and Keith Noreika, Counsel Adam Cohen and Associate Spencer Sloan authored an article titled, “A Look At Fed's New Facility For Money Market Mutual Funds,” which was published by Law360. The article analyzed the Federal Reserve Board’s recently announced establishment of a Money Market Mutual Fund Liquidity Facility (MMLF), noting that by providing nonrecourse loans to eligible borrowers to fund the purchase of eligible assets from money market mutual funds, the MMLF is designed to foster liquidity in the market for eligible money market mutual fund assets and money markets in general. The article further highlighted how, by establishing the MMLF quickly, the Federal Reserve has taken early action aimed at stabilizing the money markets and avoiding further significant financing dislocation as a result of the COVID-19 pandemic.
To read this article, please click here (subscription required).