Patomak Comment Letter on the Financial Stability Board Consultation Report Regarding Policy Proposals to Enhance Money Market Fund Resilience

Patomak Global Partners Chief Executive Paul Atkins and Senior Advisor Craig Lewis submitted a comment letter to the Financial Stability Board (FSB) this week regarding its money market fund (MMF) regulation consultation report. The comment…

Client Alert: Treasury’s Report on Asset Management and Insurance – a Positive Direction, but Questions and Concerns Remain

The Department of the Treasury recently released a 163-page report on regulation of the asset management and insurance industries (“Treasury Report” or “Report”) pursuant to President Trump’s February Executive Order regarding his “Core Principles” for financial regulation. The Report contains many recommendations that will help undo the damage to economic growth brought about by a deluge of costly financial regulations during the past eight years. Some of the policy reforms endorsed by Treasury, however, do not go far enough, are misguided, or send concerning signals regarding the direction of the forthcoming Treasury report on the Financial Stability Oversight Council (“FSOC”) – a multi-regulator council created by the Dodd-Frank Act (“Dodd-Frank”) – requested by President Trump in April.

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