ICMA AMIC responds to ESMA consultation on guidelines for NCAs when they consider potential financial stability risk associated with leverag
05 September 2020
The buy-side voice of ICMA recommends focusing on funds with substantial leverage as a first screening phase
In its response
AMIC, the buy-side voice of ICMA, recommends focusing on funds with
substantial leverage as a first screening phase and conducting an
analysis of relevant parameters related to a given fund. AMIC strongly
recommends analysing funds individually and not in groups: similar AIFs
may have leverage tolerance according to clients' profiles, dealing
cycles and recent performances. Finally the response suggests that the
implementation of these guidelines should rely on data already reported
under LST guidelines, AIFMD, EMIR, SFTR and should not lead to further
reporting by asset managers.
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