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Summary of issues to be addressed in this presentation. MMFs quiet revolution in Europe. More and more used by Treasurers as attractive alternativeRecent sub-prime crisis has created a sort of tsunamiRating agencies have been criticisedBanks have suffered from sub-primes"Is MMF a really con
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1. Response of Corporate Treasurers to Sub-Prime Mortgage Crisis
F. Masquelier
2. Summary of issues to be addressed in this presentation MMFs quiet revolution in Europe. More and more used by Treasurers as attractive alternative
Recent « sub-prime » crisis has created a sort of tsunami
Rating agencies have been criticised
Banks have suffered from “sub-primes”
Is MMF a really conservative cash investment ?
Reactions of treasurers and consequences
Conclusions and lessons learnt
3. When is a MMF really a conservative cash investment ? “The recent sub-prime housing market crisis has resulted in higher levels of volatility and greater downside returns than an institutional investor may normally expect from an investment of this nature”