ESMA focus on Asset Managers over Tougher Risk Tests

Asset managers could face tougher tests to assess whether they could become the centre point of systemic risk, according the head of Europe’s main markets regulator. ESMA are also looking to the region’s policymakers to rethink the way they share oversight of the world’s clearing houses, another part of markets critical to market stability. ESMA has already flagged that this year it will assess stress testing in the fund industry.

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