Diana McCarthy Talks To MCC About Money Market Funds

Philadelphia partner Diana McCarthy gave an interview to The Metropolitan Corporate Counsel on the current financial crisis, money markets and the future of various investment vehicles. Diana discussed how and why some money market funds were affected by the subprime crisis, how funds can prevent this kind of impact in the future, what the Treasury Department and Federal Reserve are doing to help, how other types of investment funds were affected and what the investment management industry will do to prevent this sort of fallout going forward. Diana also talked about how regulations may change in the future, and how boards of directors and portfolio managers are reacting to the crisis.

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