Sometimes, You Can Fight City Hall

In this post from last fall, I wrote about the efforts under way by members of the business community to fight changes proposed by the SEC to the regulations governing money market funds. The changes would have restricted the funds from holding commercial paper from A2/P2 issuers, such as companies like Alcoa, Inc. and Marriott International, Inc. In a post several months before that, I wrote about changes proposed to the regulation of over-the-counter (OTC) derivatives proposed by the U.S. Department of the Treasury. That proposal would have required standardized OTC derivative transactions to take place on exchanges. (more…)