All articles by Cecile Sourbes. – Page 9
-
Country Report
France: Pensions on the move
With no domestic IORP-compatible regime and with Solvency II looming, two of France’s supplementary pension providers are looking to move their domicile. Cécile Sourbes assesses the pros and cons of their plans
-
Country Report
France: On track for change
“You become responsible forever for what you have tamed,” the French writer Antoine de Saint Exupéry once wrote. This maxim might describe the team’s mindset at the French €5.9bn public pension fund IRCANTEC, as it approaches this spring a pivotal moment in its investment lifetime. After 63 years of existence, ...
-
Features
Initial margin proposal for OTC derivatives
Just as Brussels had seemingly smoothed over its relations with the pension industry by granting a temporary exemption from the EMIR Directive, a new consultation paper has stirred things up. In a joint paper, the European Securities and Markets Authority, the European Insurance and Occupational Pensions Authority and the European Banking Authority (EBA), announced that they are considering a requirement to “exchange, post or collect” initial margins for bilateral over-the-counter (OTC) derivative trades.
-
NewsForcing pension funds to make return guarantees a 'mistake'
Regulators should focus on minimum-enrolment rules or minimum contribution levels, Robeco says.
-
NewsOTC derivatives and the law of unintended consequences
The more Brussels tries to reduce risk, the more it seems to grow, says Cecile Sourbes.
-
NewsEIOPA thinking to revise timeline for holistic balance sheet study
European authority looking to launch QIS at end of May, postponing results to Q1 2013, sources say.
-
NewsFund managers increasingly worried about risk of 'inappropriate' regulations
EDHEC-Risk Institute survey highlights growing concerns over new regulations coming to market.
-
NewsUK roundup: Merseyside, Mercer, L&G, UBS, defined ambition
Merseyside local authority pension fund to re-tender more than one-quarter of portfolio.
-
NewsLPs to shift private equity allocations from developed to emerging markets
Limited partners to increase commitments over coming 24 months, according to EMPEA survey.
-
NewsInstitutional investors more willing to provide infrastructure debt – FSI
Investors focusing on brownfield to avoid construction risk, says First State Investments.
-
NewsItalian pension fund to make first foray into private equity, real estate
Fondenergia to implement new strategy that will include alternatives for first time.
-
NewsESMA consultation on UCITS, ETFs 'lacks clarity'
Authority's definition of 'passive investment' falls short of mark, EDHEC-Risk Institute says.
-
NewsFrench pension fund to tender 10 SRI mandates, focus on alternatives
FRANCE – Civil servants scheme to implement socially responsible investment strategy this spring.
-
NewsPensions experts urge EC to drop initial margin option for derivatives
Brussels taking 'formulaic' approach that could be 'terribly costly' for pension funds, says IMA.
-
NewsOTC initial margins will increase costs, risk for pension funds, says EFRP
EMIR 'unclear' on whether pension funds should exchange initial margin with counterparties.
-
NewsFTSE 350 deficits higher despite £20bn in company contributions
Deficits stand at £81bn at 31 March compared with £82bn at end of February.
-
NewsDutch Pension Federation backs cash collateral for OTC derivatives trades
Posting minimum percentage of cash as collateral would be 'reasonable' to meet intraday flows.
-
NewsInstitutional investors warming to private equity co-investments
Investors looking to increase control, reduce fees, Preqin survey shows.
-
NewsESMA stands by exemption of pension funds from new short-selling rules
Pension funds' activities not 'primarily' related to securities business, authority says.
-
Features
The Brussels tug-of-war continues
Getting a place at the public hearing on the revised IORP Directive in Brussels was quite a challenge. The 400 seats the European Commission set aside for the pension fund industry were all spoken for within a matter of days. Nobody wanted to miss the chance to hear what Brussels ...
