Are you complying with the updated guidelines on stress test scenarios under the MMF Regulation?
Throughout August you will have seen a number of regulators publishing updated circulars,…
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Liquidity Mismatch – FCA & BoE put forward suggested possible liquidity framework
Background In 2019, the Bank of England (BoE) and Financial Conduct Authority (FCA)…
17 Liquidity Risk Management Recommendations from the FMA
17 Liquidity Risk Management Recommendations from The New Zealand Financial Market Authority (FMA)…
CBI Calls for UCITS Managers to Review Liquidity Risk Management Frameworks
In early 2020, the European Securities and Markets Authority (ESMA) launched a Common…
ESMA Proposes Money Market Fund Regulation Reforms
The European Securities and Markets Authority (ESMA) has launched a consultation on potential…
UCITS Liquidity Risk Management: ESMA’s 11 Areas for Improvement
ESMA has published the results of the 2020 Common Supervisory Action (CSA) on…
IOSCO Launches Thematic Review on Liquidity Risk Management Recommendations
A reminder of the 17 Recommendations IOSCO has launched a Thematic Review on…
Refresher Series: US Liquidity Risk Rules
This week we return to our refresher series on liquidity risk rules around…
Asset Managers Need to Step Up Their Liquidity Efforts – ESMA’s Five Key Priorities
Throughout the year regulators have focused on liquidity, and as this year draws…
AIFMD II Consultation
On 22nd October 2020, the European Commission (EC) published the much anticipated consultation…
Further Liquidity Regulatory Scrutiny Needed
Last month it was great to see a number of key liquidity developments…
Canada Guidance on Effective Liquidity Risk Management for Investment Funds
The Canadian Securities Administrators (CSA) has published guidance to help investment fund managers…
September Liquidity Deadlines
The 30 September compliance deadline is fast approaching for a number of liquidity…
Liquidity Landscape – Singapore
Last week we took a brief look at the liquidity risk management regime…
Liquidity Landscape – Hong Kong
Although liquidity risk management practices vary in different jurisdictions, in most cases, asset…
The Liquidity Mismatch
This month marked one year since the collapse of Neil Woodford’s LF Woodford…
The Liquidity Mismatch
This month marked one year since the collapse of Neil Woodford’s LF Woodford…
An Overview of MMF Reporting
On 31 March 2020, the European Securities and Markets Authority (ESMA) announced that…
Breaking the Buck and the Introduction of Greater Liquidity Requirements
Money market funds (MMFs) are an important part of the European and global…
The Liquidity Countdown
Fund liquidity problems witnessed in 2019 with Woodford and H2O Asset Management brought…
The Challenges of Liquidity Stress Testing
It seems that ‘liquidity risk’ is the prevalent term on everyone’s lips these…
The 16 ESMA Guidelines on Liquidity Stress Testing for UCITS and AIFs
On 2nd September 2019, the European Securities and Markets Authority (ESMA) published its…
Liquidity Risk: A 2020 Priority
Firms must have appropriate systems, controls and governance to oversee and manage liquidity…
Should illiquid assets be held in open ended funds?
Fund liquidity, like a mirage in the desert, can disappear in an instant…