MutualFundWire.com writes "Citi Swoops Into Money Market Monitoring". The news brief says, "Citi Global Transaction Services' investor services unit has launched new offerings to help its mutual fund clients comply [with] the new money market regulations from the SEC. The service will help firms with the amended reporting and disclosure requirements and will assist with monitoring liquidity, maturity and credit quality limits." (Crane Data was unable to locate a press release from Citi.) The MutualFundWire.com quotes Bob Wallace, "Citi's expanded suite of money market capabilities will enable our clients to respond swiftly and thoroughly to the required regulations without additional resources or infrastructure investments." Citi, the former Bisys unit, joins a number of other firms in offering stress testing, reporting and additional analytical tools to assist funds in complying with the SEC's recent Money Market Fund Reforms.
