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Verena Ross' speech at ALFI Conference 2023 on the macro-prudential supervision of investment funds, 21 March 2023

· Verena Ross, Chair of the European Securities and Markets Authority (European Union)

Summary written by Dark Majestic in its own words · topics: financial stability, banking regulation and supervision, growth, investment and productivity

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· Verena Ross Wiki · European Securities and Markets Authority WikiVerena Ross' speech at ALFI Conference 2023 on the macro-prudential supervision of investment funds, 21 March 2023

ContextSpeech at the ALFI Conference 2023 in Luxembourg on supervising investment funds; ESMA protects investors and keeps EU markets orderly, and watches fund liquidity and leverage.

Why it mattersRoss warns about liquidity mismatches in open-ended funds.

Problems raised
  1. Open-ended funds still carry vulnerabilities.
  2. Liquidity mismatch and leverage create systemic risk.
  3. Adverse events may last longer.
Solutions proposed
  1. Keep funds under close global scrutiny.
  2. Complete EU fund reforms on liquidity and leverage.
  3. Have managers prepare and supervisors step up risk assessment.
Read full speech on esma.europa.eu ↗

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