EU institutions have finally agreed on new rules for Money market funds, a trillion dollar industry, which is important for funding the real economy. The proposed legislation, for which Neena Gill MEP was the lead negotiator, attempts to make these funds more safe and secure during times of economic stress.
You can read more about this story:
16/11/2016 - EU Strikes Deal on Tighter Rules for $1.1 Trillion Money Market - Bloomberg
16/11/2016 - MEPs finally reach agreement on money market fund regulation - FTSE
17/11/2016 -EU Finally Agrees On Reforms To Money Market Funds - Law 360
17/11/2016 - EU agrees new Money Market Fund Rules - Delano