Regulatory Alerts2019-07-19
Guidelines on stress test scenarios under the MMF Regulation
The European Securities and Markets Authority issued updated guidelines establishing common reference parameters for stress tests that Money Market Fund managers must conduct under the MMF Regulation. These guidelines specify calibration values for liquidity, credit risk, interest rates, and redemption scenarios to ensure consistent regulatory reporting via Article 37 templates. Fund managers are required to implement these scenarios and submit the resulting stress test data to national competent authorities starting with their first quarterly reports in Q1 2020.
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