Money Market Mutual Funds / Tokyo-Mitsubishi UFJ Ltd Bank of Nova Scotia / Systemic Risk A. MMFs / ABN Amro Bank Norinchukin Bank Lloyds TSB Bank PLC / Credit Agricole Straight-A Funding LLC / Natixis / Nestle MetLife Insurance Company US Bank Swedbank / Morgan Credit Suisse RBC Rabobank Bank / Australia & New Zealand Banking Group Ltd / Wells Fargo / Money Market Working Group / Goldman Sachs / Crane / Bank UBS AG Societe Generale Nordea Bank / Issuer Barclays Bank Deutsche Bank AG Bank / Central Bank Liquidity / MMF / Lehman Brothers / DnB NOR Bank / Commonwealth Bank of Australia Toronto-Dominion / Paribas Skandinaviska Enskilda Banken AB / NAV / The Squam Lake Group / HSBC / Bank of Montreal Svenska Handelsbanken Commonwealth Bank of Australia / Coca-Cola Co Branch Banking & Trust Co / Reforming Money Market Funds / Bank Ltd RBS General Electric Bank / Westpac Banking Co Citi ING Bank Mizuho / Reuters / Money Market Funds / Financial Stability / Dirksen Senate Office Building / /
Country
Italy / Portugal / Spain / Greece / /
Currency
USD / /
Event
Business Partnership / M&A / /
Facility
Term Securities Lending Facility / stable NAVs / Investment Company Institute / Term Auction Facility / Asset-Backed Commercial Paper ABCP MMF Liquidity Facility / Money Market Investor Funding Facility / Nonfinancial Commercial Paper Commercial Paper Funding Facility / New York University / strongly opposed floating NAVs / /
IndustryTerm
cash management tool / bank dependence / cost accounting / otherwise healthy bank / retail funds / finance / bank leads / retail investors / finance arms / large banks / /
MarketIndex
CDS / /
Organization
New York University / Treasury’s Exchange Stabilization Fund / Primary Reserve Fund / HARVARD / Stern School of Business / U.S. Securities and Exchange Commission / Federal Reserve Bank of Boston / Federal Reserve Bank of New York / Federal Government / Senate Committee on Banking / Housing / and Urban Affairs / Investment Company Institute / US Federal Reserve / Tri-Party Repo Task Force / FDIC / Reserve Primary Fund / Harvard Business School / U.S. Treasury / Federal Reserve Bank of Atlanta / Exchange Stabilization Fund / /
Person
Marcin Kacperczyk / Eric Rosengren / Shelby / Peter Crane / Sarah N. Lynch / Morgan Ricks / Adi Sunderam / David Scharfstein / Johnson / Philipp Schnabl / Sergey Chernenko / Schapiro / /
Position
Professor of Finance and Banking / PROFESSOR OF FINANCE / Chairman / President and CEO / dealer / /
Testimony of DAVID S. SCHARFSTEIN PROFESSOR OF FINANCE HARVARD BUSINESS SCHOOL PERSPECTIVES ON MONEY MARKET MUTUAL FUND REFORMS Before the Senate Committee on Banking, Housing, and Urban Affairs