Latest on Regulation & Reform – Page 281
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NewsNo further plans to regulate repo market, says ESMA chairman
EUROPE – Maijoor admits 'comply or explain' approach would fall by wayside under legislation.
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NewsIndustry warns against 'excessive' regulation of UK DC funds
UK – NAPF and law firm warn against prescriptive code of conduct considered by regulator.
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NewsMetLife claims sixth of Romanian pension business following Aviva deal
ROMANIA – Merger of Aviva and MetLife's local business sees number of funds halved since 2008.
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NewsUK's LAPFF backs annual publication of executive pay ratios
EUROPE – Call comes as Swiss parliamentarians reject need for law capping pay.
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News'Pragmatic' UK regulator excludes most joint ventures from AIFMD
EUROPE – FSA issues second consultation paper on Alternative Investment Fund Managers Directive.
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NewsINREV laments no mention of property in Green Paper on long-term investing
EUROPE – Association praises Brussels for acknowledging negative impact of prudential regulation.
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NewsKay investor forum 'must avoid insider trading', minister warns
UK – Vince Cable says forum must be independent from institutional investor trade bodies.
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NewsEuropean Commission to include ISDA in CDS investigation
GLOBAL – Brussels finds 'indications' association may have been involved in antitrust case.
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NewsUK to examine if 'fiduciary duty' definition hinders investing
UK – Law Commission to review extent to which fiduciary duties apply to asset managers, consultants.
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NewsUniversities Superannuation Scheme appoints TPR's Bill Galvin as CEO
UK – Head of UK regulator to replace retiring Tom Merchant as £32bn scheme's group chief executive.
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NewsPresident of Cyprus vows to protect accrued pension benefits
CYPRUS – Confusion still reigns in industry, however, as form plan might take remains unclear.
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Long-term investing Green Paper a 'good start', but needs more studies
EUROPE – Dutch Pensions Federation stresses need to revise IORP Directive using ‘careful’ process.
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NewsDC plans must not employ 'misleading' return predictions
UK – Pensions Institute calls for industry to employ 'plausible' return predictions.
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Swiss roundup: Swipra proxy voting service, BVK
SWITZERLAND – Swiss pension funds launch proxy voting service to compete with Ethos.
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NewsPension experts welcome long-term investment Green Paper
EUROPE – NAPF welcomes exploration of how to promote pension fund investment in infrastructure.
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NewsEuropean Commission unveils Green Paper on long-term financing
EUROPE – Stresses importance of ensuring prudential rules do not discourage long-term financing.
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NewsIORP II must not 'jeopardise' pension investments, MEPs say
EUROPE – Committee says White Paper fails to 'properly' address importance of first pillar.
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NewsLicensing DC has 'significant advantages' – Irish Pensions Board
IRELAND – Chief executive, however, stresses regulator prefers 'as light a system as possible'.
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NewsSystem risk top concern for Dutch pensions industry, poll finds
NETHERLANDS – Superviser risk ranks second among pension funds in IPNederland straw poll.
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NewsDB fund closure due to funding standard 'unfortunate' – Pensions Board
IRELAND – Brendan Kennedy argues nothing achieved by keeping underfunded schemes open.
