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Instead, this will be considered in a multi-agency report due in September.In this section Shopaholics wanted Tied to the mast Thirst-quenching Sleep therapy Duties call Counter insurgency Can pay, won't pay Deliver us from competition ReprintsIndustry giants, such as Vanguard and BlackRock, have lobbied against moving to a floating asset value.
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Now that the stockmarket crash has exposed the risks of hedging fixed liabilities with floating assets in the form of shares, they are increasingly choosing corporate bonds instead.
The police have told us that it's our responsibility; they do not have any floating assets, and entering any of these subdivisions from Buffalo Bayou is relatively easy.
For example, when short-term liabilities substantially exceed floating assets, impressive turnover does not refer to real profits.
It was one of the first mainland firms to float assets in Hong Kong, in 1990.
But only prime institutional funds — which account for almost 40 percent of the overall market — would have to show floating net asset values under the rule.
So even with floating net asset values, distress would be unlikely to show up until it was too late to prevent a crisis.
The industry bitterly fought Ms. Schapiro's efforts and has, in the past, generally opposed moving any funds to a floating net asset value.
"A vast majority of them said they will not use money funds any longer" if the S.E.C. sets a floating net asset value, he said.
But Mr. Gallagher recently said in an interview with Bloomberg News that he, too, would be open to a floating net asset value, though he said other changes would have to be made.
Ianthe Zabel, a spokeswoman for an industry group, the Investment Company Institute, said Friday that "there's little evidence" that moving to a floating net asset value "would enhance financial stability".
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CEO of Professional Science Editing for Scientists @ prosciediting.com