Topic
Liquidity Management
42 published works
Global Regulation Tomorrow
New Commission FAQs on MMFs’ minimum liquidity levels and on how liquidity buffers may be used
By Simon Lovegrove (UK), Claire Guilbert
On 11 May 2026, the European Commission (Commission) issued a report on money market funds (MMFs) together with FAQs. Report In 2023, the Commission published a report showing that “the…
Global Regulation Tomorrow
SRB consults on operational guidance on liquidity and funding in resolution
By Simon Lovegrove (UK), Michael Born (DE), Jochen Vester (UK)
On 11 May 2026, the Single Resolution Board (SRB) issued a public consultation on a consolidated version of its operational guidance for banks on liquidity and funding in resolution and…
Global Regulation Tomorrow
Published in OJ – Commission Delegated Regulation (EU) 2026/466 of 17 November 2025 supplementing UCITS Directive specifying the characteristics of liquidity management tools
By Simon Lovegrove (UK), Charlotte Carnegie
On 27 February 2026, there was published in the Official Journal of the European Union (OJ), Commission Delegated regulation (EU) 2026/466 of 17 November 2025 supplementing the Undertakings for Collective…
Global Regulation Tomorrow
Published in OJ – Commission Delegated Regulation (EU) 2026/465 supplementing AIFMD specifying the characteristics of liquidity management tools
By Simon Lovegrove (UK), Charlotte Carnegie
On 27 February 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/465 of 17 November 2025 supplementing the Alternative Investment Fund Managers…
Global Regulation Tomorrow
ESMA report on amended guidelines on LMTs of UCITS and open-ended AIFs
On 18 December 2025, the European Securities and Markets Authority (ESMA) issued a report which makes certain targeted amendments to its guidelines on liquidity management tools (LMTs) of UCITS and…
Global Investment Watch
Europe: ESMA’s Draft RTS on Open-Ended Loan-Originating AIFs-AIFMD II in Practice
By: Susanna Güven and Mathieu Volckrick On 21 October 2025, the European Securities and Markets Authority (ESMA) published its draft Regulatory Technical Standards (RTS) on open-ended loan-originating alternative investment funds…
Banking, Finance and Securities
MiCA – RTS specifying the minimum contents of the liquidity management policy and procedures
By Simon Lovegrove (UK), Nikolai de Koning
On 3 October 2025, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2025/1264 of 27 June 2025 supplementing the Regulation on markets in…
Global Regulation Tomorrow
AIFMD 2: Quick guide to Member State activity
By Claire Guilbert, Simon Lovegrove (UK), Michael Born (DE), Frank Herring, Sebastien Praicheux, Agnieszka Braciszewska, Maria Beatrice Gilesi (IT), Flupke van den Bogart, Hannah Meakin (UK)
AIFMD 2: Quick guide to Member State activity On 26 March 2024, the final legislative text of the Alternative Investment Fund Managers Directive 2 (AIFMD 2) was published in the…
Louis Lehot Medium Blog
VC Liquidity Crunch: Navigating a Perfect Storm
By Louis Lehot
The venture capital ecosystem is grappling with a liquidity challenge that’s testing even the most seasoned investors. With the IPO market significantly contracted and regulatory scrutiny of M&A deals increasing — particularly…
Banking, Finance and Securities
ESMA publishes draft RTS and final guidelines on liquidity management tools
By Anita Edwards, Simon Lovegrove (UK)
On 15 April 2025, the European Securities and Markets Authority (ESMA) published draft regulatory technical standards (RTS) and a final report on its guidelines on liquidity management tools (LMTs). Background…