European investment funds will be required to conduct standardised stress tests to gauge their resilience in extreme market conditions under new guidance being finalised by European Union authorities.
The European Securities and Markets Authority (Esma) is expected to release a draft proposal at the beginning of 2019, and is aiming to have the guidance finalised by mid-year.
European Ucits and alternative investment funds (AIFs) already perform regular, in-house stress tests in accordance with
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