WASHINGTON — Moving money market funds to a floating net-asset value would “help remove the perception” that MMF’s are risk-free and reduce investor incentives to flee distressed funds, but might be difficult to accomplish and lead to unintended consequences, the President’s Working Group on Financial Markets said in a report released Thursday.

The long-delayed report, which was originally due to be released Sept. 15, 2009, details a number of options for money market fund reforms and addresses vulnerabilities that contributed to the financial crisis in 2008 and led to an unprecedented $50 billion federal liquidity backstop for the funds.

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