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ARTICLE · 30 JUNE 2026

CBI Consults On MMF Liquidity

William Fry LLP
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The Central Bank of Ireland has launched a consultation proposing enhanced liquidity requirements for money market funds, including increased weekly liquid asset levels above current regulatory minimums. This joint initiative with French and Luxembourg regulators aims to strengthen MMF resilience and introduces new supervisory engagement frameworks when funds fall below proposed thresholds.

IrelandFinance and Banking
John Aherne
John Aherne
Jennifer O'Sullivan
Jennifer O'Sullivan
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The Central Bank of Ireland (the CBI) recently published a consultation paper on Guidance on Money Market Fund Weekly Liquid Assets levels (CP168).

The consultation is a joint initiative with the French AMF and Luxembourg CSSF and it proposes national guidance for enhanced money market fund (MMF) liquidity risk management practices. The proposals are informed by and consistent with the European Commission’s May 2026 report on the adequacy of MMFR and accompanying FAQ (Commission Report).

CP168 sets out proposals around market resilience levels which involve an increase in the level of MMF weekly liquid assets (WLA) above the levels set by the Money Market Funds Regulation (Regulation (EU) 2017/1131) (MMFR). In addition, CP168 sets out draft guidance on the CBI’s expectations for MMF managers to adapt their liquidity risk frameworks in line with these WLA levels and on enhanced supervisory engagement where WLA levels fall below the market resilience levels for a period exceeding 10

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