ESMA welcomes NCAs’ work to maintain resilience of liability driven investment funds

ESMA welcomes NCAs work to maintain resilience of liability driven investment funds

Metadata

Provider: 

ESMA

URL: 

https://www.esma.europa.eu/press-news/esma-news/esma-welcomes-ncas%E2%80%99-work-maintain-resilience-liability-driven-investment-funds

Retrieved on: 

星期四, 十二月 1, 2022

Information

Tags: 

CSSF, NCAS, ESMA, European Securities and Markets Authority, National, NCA, CBI, LDI, Commission de Surveillance du Secteur Financier, Central bank, GBP, Commission, Central Bank of Ireland, Bank, Property management

Geotags: 

UK

摘要

Key Points: 

• ESMA welcomes NCAs work to maintain resilience of liability driven investment funds
  The European Securities and Markets Authority (ESMA), the EUs financial markets regulator and supervisor, is welcoming the initiative of two National Competent Authorities (NCAs) in relation to Liability Driven Investment Funds (LDI Funds).
• LDI funds denominated in GBP proved to be vulnerable to the volatility surge in the UK gilts market in September 2022.
• NCAs engaged with GBP LDI Fund managers who subsequently increased the resilience of their funds.
• ESMA underlines the importance of increasing funds resilience as large and unexpected shocks can unfold rapidly in the current economic conditions.

Copyright: 

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