+Guidelines on liquidity stress testing under MiCAR (EBA/GL/2024/08)
---+1. Compliance and reporting obligations
------+Status of these guidelines
---------+1. This document contains guidelines issued pursuant to Article 16 of Regulation (EU) No 1093/2010 …
---------+2. Guidelines set the EBA view of appropriate supervisory practices within the European System of …
------+Reporting requirements
---------+3. According to Article 16(3) of Regulation (EU) No 1093/2010, competent authorities must notify …
---------+4. Notifications will be published on the EBA website, in line with Article 16(3).
---+2. Subject matter, scope and definitions
------+Subject matter
---------+5. These guidelines establish, in accordance with paragraph 8 of Article 45 of Regulation (EU) …
------+Scope of application
---------+6. These guidelines apply to issuers of significant asset-referenced tokens and electronic money …
------+Addressees
---------+7. These guidelines are addressed to competent authorities as defined in Article 3(1) point (35) of …
---------+8. These guidelines are also addressed to the issuers, as defined in point 10 of Article 3(1) of …
---+3. Implementation
------+Date of application
---------+9. These guidelines apply from two months after the date of publication on the EBA’s website of the …
---+4. Guidelines on the common reference parameters of the stress test scenarios in the liquidity stress testing
------+4.1 General provision
---------+10. According with Article 45(4), 2 nd subparagraph, Regulation (EU) 2023/1114, issuers of …
------+4.2 Risks to be assessed
---------+11. Issuers of ARTs/EMTs should assess under stress the proneness to redemption requests at any …
---------+12. For the purpose of paragraph 11, issuers of ARTs/EMTs should consider all the following …
---------+13. Issuers of ARTs/EMTs should assess the need to complement the percentages of the reserve of …
---------+14. Issuers of ARTs/EMTs should assess under stress the possibility of failure to a prompt access …
---------+15. For the purposes of paragraph 14, issuers of ARTs/EMTs should consider all of the following …
---------+16. Issuers of ARTs/EMTs should assess under stress the need of additional liquidity requirements …
---------+17. Issuers of ARTs/EMTs should take into account the cases where a historical lookback approach is …
---------+18. Issuers of ARTs/EMTs should assess the risk that the market value of the ARTs/EMTs differ from …
------+4.3 Methodology
---------+19. Issuers of ARTs/EMTs should compare the total weighted amount of the reserve of assets with …
---------+20. For the purposes of paragraph 19, issuers of ARTs/EMTs should calculate the total weighted …
---------+21. That total weighted amount of the assets referenced by the tokens is the result of multiplying …
---------+22. A shortfall of the reserve of assets in the liquidity stress testing arises where the total …
---------+23. Issuers of ARTs/EMTs should calibrate and determine the relevant stress factors for each asset …
---------+24. Issuers of ARTs/EMTs should base the calibration of the stress factors on historical …
---------+25. The stress factor for a specific asset class should be constructed considering the combination …
---------+26. The stress factor to be applied to each asset of the reserve of assets should be lower than …
---------+27. In the determination of the stress factors issuers of ARTs/EMTs should assess all the following …
---------+28. In the determination of the stress factors to the following assets in the reserve of assets …
---------+29. In the determination of the stress factors to the assets referenced by the tokens, issuers of …
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Guidelines on liquidity stress testing under MiCAR (EBA/GL/2024/08)

Guidelines on liquidity stress testing under MiCAR (EBA/GL/2024/08)

https://www.eba.europa.eu/activities/single-rulebook/regulatory-activities/asset-referenced-and-e-money-tokens-micar/guidelines-liquidity-stress-testing-under-micar – PDF

1. Overview

,
1. Compliance and reporting obligations

1. Compliance and reporting obligations
2. Subject matter, scope and definitions

2. Subject matter, scope and definitions
3. Implementation

3. Implementation
4. Guidelines on the common reference parameters of the stress test scenarios in the liquidity stress testing

4. Guidelines on the common reference parameters of the stress test scenarios in the liquidity stress testing

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards

Linked Issues

Issuelinks
is related to Imported: Guidelines on liquidity stress testing under MiCAR (2024-09-30-7e09aa7508-3dad)
is related to Assignments added: Guidelines on liquidity stress testing under MiCAR (2024-09-30-7e09aa7508-3dad) – 6 links
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