Cuardaigh

In the short- to medium-run, non-standard monetary policy helps to stimulate the economy and stabilize financial markets. However, it is also widely acknowledged that side effects tend to materialize in the medium- to long-run. Thus, the time dimension is a crucial factor in assessing the riskiness of this policy approach. For the February 2017 session of the Monetary Dialogue, the Committee on Economic and Monetary Affairs (ECON) of the EP has requested a set of briefings to key monetary experts ...

In the short- to medium-run, non-standard monetary policy helps to stimulate the economy and stabilize financial markets. However, it is also widely acknowledged that side effects tend to materialize in the medium- to long-run. Thus, the time dimension is a crucial factor in assessing the riskiness of this policy approach.

Money Market Funds (MMFs) are a type of collective fund that invest in short-term debt and provide financing for financial institutions, corporations and governments. During the financial crisis their liquidity and stability were challenged which prompted discussion on how to make them more shock-resistant. In 2013 the Commission proposed a regulation on MMFs aiming to improve their ability to weather stressed market conditions, mainly through establishing a capital buffer, introducing conditions ...

Money market funds (MMFs) are a type of collective fund that invests in short-term debt. During the financial crisis their liquidity and stability were challenged, which prompted regulators globally to propose rules intended to make MMFs more crisis-resilient. The Parliament is due to vote on the Commission's proposal for a regulation setting rules on MMFs in the Single Market.

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's Impact Assessment (IA) accompanying its proposal for a regulation of the European Parliament and of the Council on Money Market Funds (COM (2013) 615), which was submitted in September 2013. It analyses whether the principal criteria laid down in the Commission’s own Impact Assessment Guidelines, as well as additional factors identified by the Parliament in its Impact Assessment Handbook, ...