Recommendation of the European Systemic Risk Board on liquidity risks in investment funds

ESMA must coordinate with national competent authorities to conduct a focused supervisory exercise assessing the preparedness of investment funds with significant exposures to corporate debt and real estate for potential future adverse shocks. The assessment must evaluate these funds' capacity to handle unexpected increases in redemptions and valuation uncertainty, including their use of liquidity management tools and current liquid asset holdings. ESMA is required to report its analysis and conclusions to the ESRB and communicate the actions undertaken by 31 October 2020.

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Lineage: In force

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Source: European Systemic Risk Board — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works