In his address Mr Maijoor’s focused on fund liquidity and how asset management can play a role in the Capital Markets Union, while supporting investor protection and financial stability.
The speech covered:
· The concept of liquidity;
· Liquidity as a long-running concern in asset management;
· Challenges pose by the low-yield environment;
· How fund liquidity is a core activity for ESMA;
· Stress testing; and
· Supervisory action and liquidity requirements under UCITS.
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