Esma confirms stress tests for AIFs, Ucits

Jonathan Boyd
clock • 1 min read

The European Securities and Markets Authority has published final guidance for stress testing alternative investment and Ucits funds, encompassing areas such as liquidity risk as it may affect financial stability. Funds based in the EU will be subject to regular tests for their resilience to different types of risk, including liquidity risk, Esma stated. The guidelines outline how asset managers must design the "scenarios, policies and frequency of liqidity stress tests for the funds they manage". "The guidelines also recommend managers to notify National Competent Authorities (NCA...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.