Testing stress (TT April06 p26-27)

The Treasurer April 2006

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Outside the US, money market fund providers do not operate in a regulatory regime where capital security is of paramount importance. The Institutional Money Market Funds Association developed a code as a mechanism for funds to address these risks, and last year published its Industry Guide to Understanding Institutional Money Market Funds, setting out the practices a fund might adopt to meet the requirements of the code.

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