G-SII ALRB and Money Market Funds Regulation: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Create the page. Sources: linked pages.)
 
imported>Doug Williamson
(Mend link.)
 
Line 1: Line 1:
''Bank supervision - leverage - UK''.
''Financial market regulation - European Union.''


The additional leverage ratio buffer required by the UK Prudential Regulation Authority (PRA) for global systemically important institutions (G-SIIs).
(MMFR).  


Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (MMFs).


This requirement is additional to the leverage ratio.
It became mandatory for all funds from January 2019, and for new funds from July 2018.
 
 
Under the Regulation there are three types of Short-term MMF:
 
* Public Debt CNAV
* Low Volatility NAV (LVNAV)
* Variable NAV (VNAV)
 
 
There is just one type of Standard MMF:
* Variable NAV (VNAV)
 
 
Short-term MMFs are required to adhere to tighter investment rules than Standard MMFs.
 
 
Short-term funds may be constantly or variably priced, depending on the fund category.
 
Only Public Debt CNAV and LVNAV funds are allowed to be constantly priced.
 
 
Standard MMFs are always variably priced.




== See also ==
== See also ==
* [[Basel III]]
* [[Accumulating net asset value]]
* [[Countercyclical buffer]]
* [[Constant net asset value]]
* [[Countercyclical leverage ratio buffer]]
* [[European Union]]
* [[G-SII]]
* [[FAM]]
* [[Leverage ratio]]
* [[Liquidity fee]]
* [[Prudential Regulation Authority]]
* [[Liquidity Fund]]
* [[Low-volatility NAV]]
* [[m]]
* [[mf]]
* [[Money market]]
* [[Money market fund]]
* [[Money market fund reform: a light at the end of the tunnel?]]
* [[Redemption gate]]
* [[Regulation]]
* [[Reverse distribution mechanism]]
* [[Variable net asset value]]
* [[Weighted Average Life]]
* [[Weighted average maturity]]
 
 
==Other links==
*[http://www.treasurers.org/ACTmedia/Fitch%20Question%20Responses%20MMFs.pdf MMF reform: how will it affect treasurers? Fitch-ACT]
 
*[http://www.treasurers.org/node/9362 Lesson from America, The Treasurer, September 2013]
 
*[http://www.treasurers.org/node/8266 Credit matters, The Treasurer, October 2012]
 
*[http://www.treasurers.org/node/8103 Understanding MMF investments, The Treasurer, September 2012]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 21:30, 10 July 2022

Financial market regulation - European Union.

(MMFR).

Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (MMFs).

It became mandatory for all funds from January 2019, and for new funds from July 2018.


Under the Regulation there are three types of Short-term MMF:

  • Public Debt CNAV
  • Low Volatility NAV (LVNAV)
  • Variable NAV (VNAV)


There is just one type of Standard MMF:

  • Variable NAV (VNAV)


Short-term MMFs are required to adhere to tighter investment rules than Standard MMFs.


Short-term funds may be constantly or variably priced, depending on the fund category.

Only Public Debt CNAV and LVNAV funds are allowed to be constantly priced.


Standard MMFs are always variably priced.


See also


Other links