BlackRock Asset Management Ireland Limited

Lobbying Organisation BlackRock Asset Management Ireland Limited

Date published 19 Jan, 2022

Relevant Matter Public policy or programme

Public Policy Area Banking and Financial Institutions

Period 1 Sep, 2021 to 31 Dec, 2021

Specific Details Global and EU Money Market Fund reform efforts

Intended results To exchange views around ongoing efforts by the policy community and asset management industry to reflect on the lessons learned from the market stress of March 2020 to ensure that the regulatory framework for MMFs underpins fund resilience and meets the needs of end users of MMFs. We shared observations and data which can be found in our own public white paper as well as from our public response to ESMA's consultation of reform to the EU MMF Regulation.

Name of person primarily responsible for lobbying on this activity Carey Evans, Joanna Cound, Beccy Milchem, Tom McGrath, all from BlackRock

Did any Designated Public Official(DPO) or former Designated Public Official(DPO) carry out lobbying activities on your behalf in relation to this return? You must include yourself, and answer Yes, if you are a current DPO or a DPO at any time in the past. (What is a Designated Public Official?) No

Did you manage or direct a grassroots campaign? No

Was this lobbying done on behalf of a client? No

Lobbying activity

The following activities occurred for this specific Subject Matter Area.

Meeting (1)

Met with Michael McGrath (Assistant Secretary at the Dept of Finance, not the FF Minister) on the 8th of December to discuss global and EU Money Market Fund reform efforts. Intent was to exchange views around ongoing efforts by the policy community and asset management industry to reflect on the lessons learned from the market stress of March 2020 to ensure that the regulatory framework for MMFs underpins fund resilience and meets the needs of end users of MMFs. We shared observations and data which can be found in our own public white paper 'Lessons from COVID-19: the experience of European MMFs in short term markets', as well as from our public response to ESMA’s consultation of reform to the EU MMF Regulation, https://www.blackrock.com/corporate/literature/whitepaper/viewpoint-lessons-from-covid-19-the-experience-of-european-mmfs-in-short-term-markets-july-2020.pdf as well as from our public response to ESMA https://www.esma.europa.eu/file/120093/download?token=rQ-hFgKd

Designated public officials lobbied

The following DPOs were lobbied during this return period on this specific Subject Matter Area. These DPOs were involved in at least one of the Lobbying Activities listed above, but not necessarily all of them. As returns are specific to a Subject Matter Area the above Lobbying Activities may be associated with multiple returns.

Michael J. McGrath Assistant Secretary (Department of Finance)