ESMA proposes reforms to improve resilience of money market funds
        
    
            
                Funds
            
    
    
            
            
    
        
            Date:
            
                07 March 2022
            
        
            On 16 February 2022, the European Securities and Markets Authority (ESMA) issued an Opinion containing proposed reforms to the regulatory framework for EU Money Market Funds (MMFs) under the Money Market Funds Regulation (MMFR). The proposals will improve the resilience of MMFs by addressing in particular liquidity issues and the threshold effects for constant net asset value (CNAV) MMFs.