Money Market Funds: Measures to improve stability and liquidity
Money Market Funds (MMFs) are a type of collective fund that invest in short-term debt and provide financing for financial institutions, corporations and governments. During the financial crisis their liquidity and stability were challenged, which prompted the Commission to propose a regulation on MMFs, in 2013. Its proposal aimed to improve their ability to weather stressed market conditions, mainly through establishing a capital buffer, introducing conditions on portfolio structure, addressing over-reliance on external credit rating agencies and improving their internal risk management, transparency and reporting. The final text lays down rules and common standards to ensure that MMFs have a stable structure and improved liquidity, that they invest in diversified assets of a sufficiently high credit quality, and are able to deal with unexpected redemption requests. It was approved by the EP in April 2017 and by the Council in May. Third edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure. To view earlier editions of this briefing, please see: PE 589.826, October 2016.
Briefing
À propos de ce document
Type de publication
Auteur
Mot-clé
- adoption de la loi
- contrôle de liquidité
- droit de l'Union européenne
- FINANCES
- institutions de l'Union européenne et fonction publique européenne
- institutions financières et crédit
- libre circulation des capitaux
- marché monétaire
- politique commerciale
- procédure législative ordinaire
- proposition (UE)
- relation interinstitutionnelle (UE)
- règlement (UE)
- réglementation financière
- situation économique
- société d'investissement
- stabilisation économique
- stabilité financière
- surveillance du marché
- système bancaire
- système bancaire parallèle
- travaux parlementaires
- UNION EUROPÉENNE
- VIE POLITIQUE
- ÉCHANGES ÉCONOMIQUES ET COMMERCIAUX
- ÉCONOMIE
- économie monétaire