Reuters: Regulatory News: Federated CEO says talks ongoing on money fund reform

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Federated CEO says talks ongoing on money fund reform Oct 26th 2012, 13:18 Fri Oct 26, 2012 9:18am EDT Oct 26 (Reuters) - Companies that manage money market mutual funds are talking with regulators about a possible compromise to further regulate the $2.5 trillion industry, Federated Investors Inc Chief Executive Christopher Donahue said on Friday. A letter from Treasury Secretary Tim Geithner last month offering potential reforms stimulated further talks, Donahue said on a conference call with analysts. "Constructive dialogue continues," he said.

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