One might think that banks would counter-balance the mutual-fund industry’s lobbying efforts, because the likely effect of forcing money-market funds to pay for more of their systemic costs would be to expand funds flowing directly to banks. But inflows through money-market funds are not so bad for banks, which get the cash without having to set aside reserves or pay for deposit insurance.
有人或许会认为银行会抵消共同基金行业的游说努力，因为迫使货币市场基金支付更多系统成本可能会扩大直接流入银行的资金流。但以货币市场基金形式流入的资金对于银行来说其实并不太坏，因为后者无须为这些现金进行资本储备或者支付存款保险。一些银行甚至更喜欢这类现金流而非直接存款。