In a sign that she will push the Securities and Exchange Commission to drive reforms for the money market industry, Mary Jo White said it "made sense" for the SEC to regulate money market funds. White said that money market funds were risky and the focus should be on preserving their stability and preventing systemic risk. "It is an investment product. It's the SEC's expertise. They should take the lead. I'd like to see it come to the SEC," said White who was speaking at her nomination hearing at the Senate Banking Committee on Monday. She said she could participate fully in writing rules to implement the Dodd-Frank financial reform law and other regulations and vowed to work on behalf of the U.S. public, as she sought to reassure lawmakers that she would not be compromised by her past work representing U.S. corporate clients. "The American public will be my client, and I will work as zealously as possible on behalf of them," White told the committee. In her prepared testimony,
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