Europe’s markets watchdog has said policymakers should act to improve funds’ access to liquidity management tools (LMTs), so they’re better prepared to withstand future shocks.
In a report issued on November 13, the European Securities and Markets Authority (Esma) said few funds have access to a variety of LMTs, which are used to ease redemption pressures and militate against fire sales.
The report relayed that most Ucits funds and Alternative Investment Funds (AIFs) can borrow cash on a
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