Central Bank of Ireland Calls for UCITS Managers to Review Liquidity Risk Management Frameworks

Central Bank of Ireland Calls for UCITS Managers to Review Liquidity Risk Management Frameworks

In early 2020, the European Securities and Markets Authority (ESMA) launched a Common Supervisory Action (CSA) on UCITS liquidity risk management (LRM). The purpose of this exercise was to simultaneously conduct coordinated supervisory activities in 2020 and to assess whether UCITS managers comply with their liquidity management obligations.