Reuters writes "​Sheila Bair: Money Market Fund Proposal '​Could Make Matters Worse'", which says, "Former financial regulator Sheila Bair voiced worries about a new industry compromise plan for money market mutual funds, including implementing a fee for withdrawals during times of stress, saying it could worsen a crisis. Fund companies met with regulators last week in Washington, hoping they would accept limited new rules for stabilizing the funds if necessary. But Bair dismissed such notions in a statement e-​mailed by a spokesman." She tells Reuters, "While I commend responsible members of the industry for trying to find solutions, I am concerned that gates coming down or fees going up in the middle of a crisis could make matters worse.... Another layer of complexity is not going to calm an already very risk-​averse market." The piece adds, "Bair'​s comments show how difficult it may be to find a compromise that will please all sides in the debate over the future of the $​2.​5 trillion money fund industry."

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