Opening a Dialogue on Money Market Fund Transparency
The Strategic Treasurers Alliance has officially issued a request for information (RFI) to several of the world’s largest banks, opening a focused dialogue on money market fund transparency, risk, and real‑economy impact. This step was a collaboration between more than two dozen corporate treasurers who helped shape the questions and will drive the outcomes.
Together, the STA membership developed a practical questionnaire designed to better understand the risks and emissions associated with the money market funds that many treasury teams rely on every day.
Why does this matter for treasurers?
Treasurers already evaluate money market funds through the lens of liquidity, safety, and yield. However, there is growing interest in understanding how the underlying deployment of capital connects to broader risk exposure, transition risk, and real‑economy outcomes.
Money market funds play a central role in corporate cash management and short‑term liquidity strategies. As balance sheets grow and operating environments become more volatile, treasurers increasingly need more robust, easily-digestible information about how these products are structured, where capital is deployed, and how that affects both financial resilience and environmental impact.
By engaging banks directly, we will:
Build a clearer picture of how money market funds and related products operate.
Encourage more transparency and consistency in how risk and emissions information is shared with treasury teams.
Support treasurers in aligning liquidity, safety, yield, and resilience considerations in everyday capital allocation decisions.
What comes next?
Zooming out, this work reflects a longer‑term objective for the group: help treasurers incorporate resilience thinking into day‑to‑day capital allocation, while also contributing to how banks design products that meet treasurers’ core business needs while minimising climate-related financial risk.
In the near term, our focus will be on:
Reviewing responses from participating banks and identifying common themes, gaps, and opportunities.
Sharing aggregated, anonymised insights that help treasury teams better understand risk, emissions, and transparency across commonly used products.
Exploring follow‑on conversations and potential guidance that can support both treasurers and banks in evolving this practice over time.
This effort is an ongoing process, and we are just at the beginning. As we work with participating banks and findings emerge, we will share lessons learned and guidance for treasury teams.
Are you a treasury leader navigating climate risk, sustainability regulations, or the future of corporate cash management?
The Strategic Treasurers Alliance brings together treasurers from companies representing a combined £1Trillion in market capitalisation, working collaboratively to shape practical, real-world approaches to these challenges.
We're actively expanding our network and would like to understand your priorities.
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