Faculty News | Reuters | 19
Rules clash could limit money fund rates--Fidelity
Re: David S. Scharfstein
Between the SEC and reforms such as Basel III, "there's a certain inconsistency," said Harvard Business School professor David Scharfstein.
Scharfstein said sorting out the conflicts is among the jobs facing Financial Stability Oversight Council, an umbrella group set up under the Dodd-Frank financial reform act and led by U.S. Treasury Secretary Timothy Geithner.