​Updated Member Document: Irish Funds Liquidity Risk Management Framework

The Irish Funds Investment Risk Working Group have updated the Irish Funds Liquidity Risk Management Framework (member login required) - first published February 2021 - to take account of the key areas highlighted by both ESMA and the CBI within their CSA UCITS liquidity management results. We have also published a summary document (member login required) that highlights the key updates to the Framework.

The aim of the paper is to outline, for the benefit of fund management companies (“FMCs”), facets of liquidity risk management systems that could be incorporated into a bespoke framework to ensure effective liquidity management and appropriate protection from liquidity risk for investors.