The backdrop to this interest is the risk of investor runs on money market funds as a result of a threat of breaking the buck and the onward impact of such a run on the markets in which those money market funds are invested.
As you are no doubt aware, this is clearly on the regulatory agenda at the G20, in IOSCO, at the European Commission and also in the US at the SEC. A few concluding thoughts on the regulatory agenda in this area. My first high-level message, is that the industry in Ireland must be prepared for change.