Esma's Maijoor welcomes calls for broader buy-side stress tests

Panellists at Bank of England forum urge asset managers to take more open approach

Steven Maijoor
Steven Maijoor, Esma

Buy-side and sell-side speakers at the Bank of England’s (BoE) Open Forum on November 11 have suggested more comprehensive stress tests of asset managers would allay concerns about liquidity, an idea endorsed by the chair of the European Securities and Markets Authority (Esma), Steven Maijoor.

Speaking at a panel on the lack of market liquidity, Huw van Steenis, managing director of financial services research at Morgan Stanley, said he had three practical suggestions for the BoE. “The first is t