Mixed feelings emerge about FSOC's money-fund suggestions
The Financial Stability Oversight Council has received comments on recommendations to reform money market mutual funds. One letter is from presidents of the Federal Reserve's 12 regional banks, which is unusual. The letter says "more than one [money market fund] reform alternative could address the financial stability concerns posed by" such funds. Other comments, such as one from the Investment Company Institute, support a recommendation for "liquidity gates" but pans other suggestions. Business Finance
Big Data costs start to decrease
Companies are finding that the cost of supporting and processing Big Data is dropping. Hardware, such as IBM's Power server computers, is declining in price. Also, Big Data-as-a-service is starting to emerge. CFO.com
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