The Swiss central bank sucker punched the financial community by unlinking the Swiss franc from the euro. As a result, those who trade in currency markets saw huge gains or losses. And while some blamed the bank’s move for the ensuing market volatility, both U.S. and international stocks gained that day.
After years of debate, the Securities and Exchange Commission this week finally adopted new rules designed to shore up the stability of the $2.6 trillion money market industry. The question now is, will it help?
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