ESMA Recommends Liquidity Action Items For Funds - Finance and Banking
To print this article, all you need is to be registered or login on Mondaq.com. On 13 November 2020, ESMA released its findings following the co-ordinated NCA supervisory review during February- March 2020 of liquidity in UCITS and AIFs with large corporate debt and property exposure (Report). The review was undertaken in response to recommendations of the ESRB for an assessment of such funds' preparedness for future redemptions and valuation shocks. See our briefing (Central Bank Data Requests Issued to Corporate Debt & Real Estate Funds) for the background to thi...