Regulatory Alerts2024-03-06
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Guidelines on stress test scenarios under the MMF Regulation
These guidelines establish common reference parameters for stress test scenarios that money market funds and their managers must include in their stress tests under Article 28 of the MMF Regulation. The document specifies requirements for scenarios involving hypothetical changes in liquidity, credit risk, interest and exchange rates, redemption levels, spread movements, and macro-systemic shocks. Competent authorities are required to notify ESMA of their compliance status within two months of publication, and the guidelines apply two months after publication across all EU official languages.
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