Yellen says regulators reviving hedge fund working group, reviewing new money market fund reforms

March 31, 2021 3:12 PM EDT

FILE PHOTO: U.S. Treasury Secretary Janet Yellen, the former Federal Reserve chair, holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst/File Photo

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WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen announced on Wednesday she was reviving a dormant regulatory group devoted to studying risks posed by hedge funds.

Speaking at the Financial Stability Oversight Council, Yellen also said she was directing an interagency review of whether regulators need to do more to address vulnerabilities posed by money market funds and open-end mutual funds after recent market turmoil.

(Reporting by Pete Schroeder; Editing by Chris Reese)

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