ESMA report finds EU MMF industry at close to €1.5tn
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Wednesday, February 8, 2023
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ESMA report finds EU MMF industry at close to €1.5tn
Key Points:
- ESMA report finds EU MMF industry at close to €1.5tn
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published its inaugural market report on European Union (EU) Money Market Funds (MMF). - With this report ESMA provides for the first time a comprehensive market-level view of EU MMFs, based on supervisory information collected by National Competent Authorities (NCAs) and ESMA.
- The main findings included in today’s report are:
- EU MMF sector: The EU MMF sector had €1.44tn of assets in 2021, with 89% of the funds domiciled in France, Luxembourg and Ireland. - MMFs authorised in other EU jurisdictions are VNAVs denominated in other EU domestic currencies and account only for a small fraction of assets.