| IMF Working Paper-The Impact of Derivatives Collateralization on Liquidity Risk: Evidence from the Investment Fund Sector
February 9, 2024--Summary:
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| The estimates indicate that between 13 percent and 33 percent of euro area funds with sizeable derivatives exposures may not have sufficient liquidity buffers to meet the calls under adverse market shocks. As a result, they are likely to redeem money market fund (MMF) shares, procyclically sell assets, and draw on credit lines, thus amplifying the market dynamics under such stress scenarios. Our findings highlight the importance of further work to assess the potential role of macroprudential policies for nonbanks, particularly regarding liquidity risk in funds. |
| ESMA assesses the risks posed by the use of leverage in the fund sector April 24, 2025-The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes its annual risk assessment of leveraged alternative investment funds (AIFs) and its first analysis on risks in UCITS using the absolute Value-at-Risk (VaR) approach. |
| Europe and Central Asia: Accelerate Growth through Entrepreneurship, Technology Adoption, and Innovation
April 23, 2025—Economic growth in the developing economies of the Europe and Central Asia region is likely to slow, says the World Bank's Economic Update for the region, released today. Regional growth is now expected at 2.5% in 2025-26 owing to weaker external demand and a slowdown in Russia. |
| ETF and ETP listings on 23 April 2025: new on Xetra and Boerse Frankfurt April 23, 2025-The Robeco 3D EM Equity UCITS ETF is actively managed and invests in equities of companies from emerging markets. The goal is to achieve above-average returns through quantitative optimisation in the form of a 3D strategy based on risk, return, and sustainability. |
| ETF and ETP listings on 17 April 2025: new on Xetra and Borse Frankfurt April 17, 2025--The Amundi Global Corporate Bond UCITS ETF invests globally in fixed-rate corporate bonds denominated in local currency and have an investment grade rating. They must have a minimum residual maturity of one year. |
| ETF and ETP listings on 16 April 2025: new on Xetra and Borse Frankfurt April 16, 2025--The iShares S&P 500 3% Capped UCITS ETF invests in the 500 largest U.S. companies from the leading industries of the U.S. economy, with no single company accounting for more than 3 per cent of the index weighting.
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| Bitwise expands institutional-grade access to Bitcoin and Ethereum with four ETP listings on London Stock Exchange April 16, 2025-Bitwise adds London as trading hub for four of its European products, providing access to its best-in-class crypto ETPs for UK professional investors. |
| The Circular Economy in Cities and Regions of the European Union April 15, 2025-Abstract
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| ESMA publishes implementing rules on Liquidity Management Tools for funds April 15, 2025--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, is publishing today the draft Regulatory Technical Standards (RTS) and a final report on the Guidelines (GL) on Liquidity Management Tools (LMTs). |
| ESMA publishes latest edition of its newsletter April 15, 2025--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has today published its latest edition of the Spotlight on Markets Newsletter. |
| WisdomTree Issuer ICAV-Change of Fund Names and Index Methodology April 10, 2025-The directors of the ICAV (the "Board of Directors") wish to advise you of a proposed changes to certain sub-funds of the ICAV (the "Funds") to meet the requirements of EMSA's guidelines on funds' names using ESG or sustainability-related terms (the "Guidelines").
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