Commission adopts report on the functioning of the Money Market Funds Regulation (MMF)

The Commission adopted today a report to the European Parliament and the Council on the functioning of Regulation (EU) 2017/1131 on money market funds (the MMF Regulation). Money market funds are investment funds that invest in short-term debt instruments such as securities issued by banks, businesses or governments, thereby playing a key role in the short-term financing of the economy. For their investors, they present an alternative to bank deposits. Since entering into application in January 2019, the MMF Regulation has significantly strengthened the regime applicable to money market funds in the EU and helped to enhance financial stability.