1.Issuers of asset-referenced tokens or e-money tokens shall include in their liquidity management policy the process and procedures to test scenarios of liquidity stress and the following information concerning each stress test:
c)historical data and assumptions, including any expert judgments, considered by the issuer in the calibration of the parameters referred to in point (b);
2.The liquidity stress testing shall include a reverse stress test element to assess the limit of resilience of the liquidity profile of each reserve of assets.