More NewsBNY Mellon and Investor Analytics Launch Money Market Stress Testing Service in EMEA

BNY Mellon and Investor Analytics Launch Money Market Stress Testing Service in EMEA

BNY Mellon, an investment management and investment services firm, and Investor Analytics, a provider of a risk management solution, have launched a money market stress testing service in the Europe, Middle East and Africa (EMEA) region.

The new service models the impact of interest rate shocks, credit risk shocks and liquidity risk shocks or any combination of these on the value of funds. Information is presented in high quality reports that easily identify the conditions that could lead to a depressed net asset value (NAV) below an established threshold, an event commonly referred to as ‘breaking the buck’.

Frank Froud, head of EMEA for asset servicing at BNY Mellon, said: “As worries over the health of eurozone countries, and indeed the US, have spiralled in recent months, regulators throughout the world are increasingly demanding that money market funds undergo stress tests. However, more than simply meeting the regulatory requirement, stress testing has become an industry best practice, allowing fund directors and investors to easily understand the market conditions that can jeopardise their funds.”

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