Travis Barker (IMMFA)

Outgoing Chairman, Institutional Money Market Funds Association,

Articles

Money Market Funds and Regulatory Reform

Money Market Funds and Regulatory Reform by Travis Barker, Outgoing Chairman, Institutional Money Market Funds Association Financial markets continue to be convulsed by the deepest and most pervasive crisis since the Great Depression. The crisis has many underlying causes: lax lending standards; off-balance...

Shadow Banking

Shadow Banking by Travis Barker, Outgoing Chairman, Institutional Money Market Funds Association Critics of MMFs have described them as ‘shadow banks’, engaged in regulatory arbitrage, and requiring ‘bank-like’ regulation (notably, capital requirements).  But what is shadow...

CNAV versus VNAV

by Travis Barker, Outgoing Chairman, Institutional Money Market Funds Association Critics of MMFs have argued that MMFs would be less ‘bank-like’ (i.e., not shadow banks) insofar as constant net asset value (CNAV)...

A Way Forward?

A Way Forward? by Travis Barker, Outgoing Chairman, Institutional Money Market Funds Association The MMF industry has overwhelmingly rejected regulatory reforms based on the premise that MMFs are shadow banks, or that would require CNAV funds to adopt a VNAV. Instead, the industry has endorsed regulatory...