Despite a setback at the SEC, U.S. regulators are still committed to imposing more regulation on a popular holding place for corporate cash.
Senate Banking committee opponents of money-market reforms proposed by SEC chief Mary Schapiro are concerned corporations could lose a crucial tool for cash management.
New money market fund regulations being debated by the SEC could cause corporate treasurers to pull more than $700 billion from the sector, says one survey.
As safe havens for short-term funds disappear, companies weigh whether to assume some risk in return for a modest yield.
