Latest on Regulation & Reform – Page 280
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NewsPolicymakers urged to drop initial margins for derivatives
GLOBAL – ISDA criticises proposals to impose initial margin requirements for OTC transactions.
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NewsUK roundup: DCLG, LGPS, PPF, BNY Mellon, British Airways
UK – UK department consults on exclusion of elected officials from LGPS.
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NewsLobbyists fight plans to define German REITs as funds
GERMANY – EPRA, ZIA criticise BaFin proposals to bring G-REITs under AIFMD regime.
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NewsEU CDS ban could increase financial instability – IMF
EUROPE – Report predicts hedging to shift to other markets, increasing contagion risk.
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NewsBrussels unlikely to base IORP on any of three QIS scenarios, says Towers Watson
EUROPE – Consultancy notes differing impact of scenarios, with one resulting in £1.2trn UK surplus.
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NewsFinancial instability shifting from banks to pensions - IMF
GLOBAL – New report warns current activist central bank policy must be carefully unwound.
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NewsOTC derivative margins cause 'imperfect' hedging – Moody's
EUROPE – Report warns of 'punitive' costs related to initial margins on interest rate swaps.
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NewsDanish regulator forces fund to revalue property portfolio
DENMARK – ISP told to write down value of real estate portfolio after investigation.
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NewsUK minister repeats call for Brussels to drop Solvency II rules for pensions
EUROPE – Consultancy Towers Watson warns EC not to implement at haste and 'repent at leisure'.
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NewsDutch regulator calls for website comparing pension quality
NETHERLANDS – Pension Federation prefers layered approach over direct pension comparison.
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NewsEIOPA publishes preliminary results of first IORP study
EUROPE – Towers Watson says report casts doubt on Commission's timetable for draft directive.
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NewsFTT runs counter to freedom of capital movement, warns ICAP
EUROPE – Report warns that tax will impact competition, damage repo market.
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NewsTobin tax may increase cost of gilt issuance by £4bn - City of London
EUROPE – Corporation further warns tax could drive up lending costs for corporates.
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NewsShareAction 'suspicious' of attempts to show fiduciary duty as moral code
UK – Comments come after IMA's chief executive said fiduciary standards 'a form of conduct'.
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NewsPolish government may grab private pension money, predicts academic
POLAND – Prediction comes as finance minister no longer denies plans for transfer of eldest cohorts to state fund.
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UK roundup: KCom, LAPFF, Staffordshire, Greenwich
UK – Telecoms firm KCom agrees funding proposal with scheme, backed by property portfolio.
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NewsUK government's 'cavalier' attitude to state pension reform criticised
UK – Committee of MPs says employers need more support preparing for end of contracting-out.
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NewsUK's RBS in £4bn lawsuit over 'inexcusable actions'
GLOBAL – Group of over 100 institutional investors file suit against bank over £12bn rights issue.
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NewsISDA sees risk of contagion if derivatives clearing member defaulted
GLOBAL – ISDA examines impact of default on CCPs, saying regulation fails to capture risk.
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NewsWelsh local authority funds mull joint investment strategies
UK – Report by Society of Welsh Treasurers rules out fund merger, suggests collaboration.
