ESMA supports ESRB actions to address COVID-related systemic vulnerabilities

14 May 2020

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Friday, May 15, 2020

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14 May 2020
COVID-19

Fund Management

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has published a statement supporting the recommendations issued by the General Board of the European Systemic Risk Board (ESRB).
These recommendations are part of a set of actions to address the Coronavirus emergency from a macroprudential perspective.
In this context, ESMA also welcomes the ESRB public communication around the importance of the timely use of liquidity management tools by investment funds and insurers with exposures to less liquid assets.
The ESRB action complements the ongoing ESMA coordination role in this area which has intensified in response to the COVID-19 pandemic.