For those tasked with ensuring compliance at MMFs, the implementation of these regulations will entail a number of new tasks, processes and challenges. With Article 37 MMF Reporting now due in September 2020, there is still time to strategically prepare for it and related stress testing programs.
ESMA’s stress testing requirements represent a step change in reporting protocols and will present both challenges and opportunities for managers of MMFs. In this article, we will take a closer look at the current state of play and outline some frameworks and structures for ensuring that compliance with the stress testing requirements is not unduly stressful for those responsible for their implementation.
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