Nikolas Xenofontos shares ESMA’s LST guidelines in CIFA newsletter

The Cyprus Investment Funds Association (CIFA) has published its latest newsletter (October 2020) with commentaries on a varied range of subjects from Ship Financing to Socially Responsible Investing to Family Offices coming to Cyprus.

SALVUS commitment to regularly author articles and commentaries on new regulation, key concepts and to share knowledge has been expanded to include participation in the Cypriot investment funds association. Nikolas Xenofontos, the Managing Director at SALVUS Funds and a member of the FinTech Committee at CIFA, delivered a timely article on the new Liquidity Stress Testing (LST) guidelines by the European Securities Markets Authority (ESMA) (official translations of full text by ESMA can be found here).

The guidelines came into force on the 30th of September 2020 and we have been working on ESMA’s LST projects for this purpose since the beginning of 2020.

Along our News section, our content is dedicated to Licensing, Compliance, Risk Management and Internal Audit for Investment firms, Investment Funds, Payment and Electronic Money Institutions (EMI). Through these we have been established as thought leaders and SALVUS as the go-to team for any challenge in our area of expertise.

We welcome your queries on this Liquidity Stress Testing (LST) requirement and look forward to being of value.

#StayAhead

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