meta_id 3150609

On May 12, 2026, Finansinspektionen (FI), Sweden's financial supervisory authority, announced that it will follow updated guidelines on stress test scenarios for money market funds published by the European Securities and Markets Authority (ESMA). ESMA has issued the updated guidelines governing stress test scenarios as regulated by the Money Market Funds Regulation. FI has determined that ESMA guidelines directed at competent authorities or financial market participants are equivalent to Swedish general advice (allmänna råd). Under Regulation 1095/2010/EU establishing ESMA, competent authorities and financial market participants are required to seek to comply with these guidelines using all available means. The guidelines establish the framework for conducting stress tests on money market funds to assess their resilience under various market stress scenarios. This alignment with ESMA guidelines ensures consistency across European financial markets and strengthens supervisory oversight of money market fund operations in Sweden. Market participants and competent authorities subject to these guidelines should review ESMA's updated stress test scenario requirements and ensure their procedures and systems are aligned accordingly. FI's commitment to following these guidelines reinforces Sweden's adherence to European regulatory standards for money market fund supervision. **References:** Finansinspektionen (2026). FI följer riktlinjer om stresstester i penningmarknadsfonder. Available at: https://www.fi.se/sv/publicerat/nyheter/2026/fi-foljer-riktlinjer-om-stresstester-i-penningmarknadsfonder/