Category: Liquidity Funding

Liquidity Funding – Liquidityriskconsultant.com

CSA Provide Guidance to Investment Fund Managers on Effective Liquidity Risk Management

The Canadian Securities Administrators (the CSA) have issued guidance to investment fund managers (IFMs) on developing and maintaining an effective liquidity risk management (LRM) framework for investment funds. CSA Staff Notice 81-333 Guidance on Effective Liquidity Risk Management for Investment Funds[1] (the LRM Guidance) is aimed at investment funds subject to National Instrument 81-102 Investment Funds[2] (NI 81-102) but may be relevant...

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IOSCO recommendations about liquidity risk management

Specifically, the Bank of England’s Financial Policy Committee’s Financial Stability Report dated July 2019 states “funds’ assets and investments strategies should be consistent with their redemption terms” and that IOSCO’s LRM Recommendations “did not prescribe how this should be achieved”.IOSCO has also supplemented its earlier work with additional recommendations: notably, the consideration of underlying liquidity throughout the entire life cycle of the...

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