Events listed in Money Market Funds Regulation (MMFR)
L’ESMA publie son rapport final portant sur les modifications de la méthodologie ...
ID 26552
The AFG published it’s response to ESMA’s publication on 19 December 2023 of its Final Report on Guidelines on stress test scenarios under the MMF Regulation, following a prior ESMA consultation running until 28 April 2023. The proposed modifications aim to enhance the consideration of interactions between liquidity and redemption pressures, particularly in light of the stress events witnessed in March 2020. These modifications ...
ESMA updates the parameters and methodology for MMF stress testing
ID 26396
ESMA has released a Final Report on Guidelines on stress test scenarios under the MMF Regulation. The update includes changes in methodology to simulate hypothetical liquidity changes in MMF portfolios and an annual calibration of risk parameters. The adjustments are based on stakeholder feedback and introduce parameters reflecting liquidity stress in the money market and a new risk factor representing the additional cost of ...
Compliance table on the revised Guidelines on 2022 stress tests scenarios under the ...
ID 25525
ESMA has published a compliance table for its Guidelines on stress test scenarios under the MMF Regulation [ESMA50-164-6583] (please see Event#18438). The compliance table shows that all countries are or will be compliant by 1 December 2023 or when a relevant institution exists in the country, with the exception of Greece, HCMC intends to comply partially with the Guidelines and recommendations with the exception ...
Money market funds stress tests – overall resilience whilst LVNAVs exceed threshold ...
ID 23578
ESMA has published an article summarizing the results of stress tests conducted on MMFs and reported to ESMA. The stress tests aimed to assess the resilience of MMFs and their ability to meet redemption requests under adverse scenarios, particularly focusing on liquidity and credit risks. The results of the stress tests indicate that **liquidity and credit risks would have the most significant impact on ...
Réponse de l’AFG à la consultation de l’ESMA sur son projet de modification de la ...
ID 23162
The AFG has provided comments on ESMA’s Consultation Paper on the draft guidelines on stress test scenarios under the MMF Regulation. The AFG agrees with ESMA’s position on the inclusion of a climate scenario, stating that it is not relevant for MMFs and that the implementation would be complex. AFG also believes that the current MMF requirements for liquidity management are relevant and proved ...
ESMA’S consultation paper on the review of the methodology included in the ...
ID 23071
In its response to the ESMA’s review of the guidelines on stress-testing parameters for MMF, EFAMA has warned against using overly simplistic assumptions in stress testing. EFAMA has cautioned against modelling unrealistic weekly portfolio outflows from retail investors that historically have never materialized. The assumption that MMF redemptions must and can always be met by selling assets has also been questioned by EFAMA. EFAMA ...
BVI Position on ESMA’s Consultation Paper on the review of the methodology included ...
ID 23047
Der BVI veröffentlicht seine Stellungnahme zum ESMA-Konsultationspapier zur Überprüfung der Methodik für Stressszenarien im Rahmen der MMF-Verordnung (ESMA34-49-496). Die Hauptfrage der ESMA-Konsultation betrifft, ob Klimarisikoszenarien für alle Investmentfonds verpflichtend sein sollen. Der BVI sieht hierfür keine Notwendigkeit und argumentiert, dass es den Fondsmanagern überlassen werden sollte, ob zusätzliche Klimarisikoszenarien notwendig sind, abhängig von der Anlagestr ...
ALFI response to ESMA’s consultation on the review of the methodology ...
ID 22937
ALFI has responded to the the ESMA consultation on the review of the methodology included in the Guidelines on stress test scenarios under the MMF Regulation. ESMA’s consultation period ended on 28 April 2023 and is related to a proposed update of the stress-testing methodologies applicable in the context of Article 28 of the MMF Regulation. ALFI **generally supports the use of data by ...
Orientamenti sugli scenari delle prove di stress ai sensi del regolamento sui fondi ...
ID 22494
The Bank of Italy announces in its notice of intension that it will comply with the revised ESMA Guidelines (ESMA34-49-495) on stress test scenarios under the Money Market Funds Regulation (MMFR), which apply from 27 March 2023. These Guidelines provide common reference parameters for stress test scenarios for money market funds (MMFs) and managers of MMFs as defined in MMFR. They are expected to ...
Notice of Intention in relation to ESMA Guidelines on stress test scenarios under ...
ID 22465
The Central Bank of Ireland (CBI) announces in its notice of intension that it will comply with the revised ESMA Guidelines on stress test scenarios under the MMF Regulation (ESMA34-49-495), which apply from 27 March 2023 (please note eventid=19498). These Guidelines provide common reference parameters for stress test scenarios for money market funds (MMFs) and managers of MMFs as defined in Regulation (EU) 2017/1131 ...