Latest on Regulation & Reform – Page 282
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NewsPGGM tells schemes to postpone clearing until CCPs ready
EUROPE – Dutch pension provider criticises increasingly high collateral requirements.
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NewsPKA welcomes 'political goodwill' as Danish standard PPP model launched
DENMARK – Government says PPPs are acknowledgement of business demand for large projects.
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NewsUK pensions industry divided over watchdog's new statutory objective
UK – NAPF welcomes revised 'marching orders' for pensions regulator.
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NewsUK Budget introduces new objective for Pensions Regulator
UK – Government rejects smoothing of liabilities, endorses idea of new statutory objective for TPR.
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NewsFund nationalisation 'unlikely', says Cyprus Hotel Employees CEO
CYPRUS – Marinos Gialeli laments 'small death' of euro, dismisses additional loans to Cypriot state.
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NewsFormer EIB president to advise European Commission on IFRS
EUROPE – Michel Barnier appoints Philippe Maystadt as special adviser.
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NewsUK roundup: Steve Webb, Barnett Waddingham, Towers Watson
UK – Pensions minister Steve Webb confirms earlier start date for new state pension.
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NewsEuropean Commission appoints new head for pensions, insurance unit
EUROPE – Austrian national moves 'horizontally' to replace industry veteran Karel Van Hulle.
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NewsIreland would be 'prudent' to issue inflation-linked debt
IRELAND – Brokerage tells IAPF delegates issuance would bolster country's pension industry.
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NewsAgeing societies require different economic policies, experts say
GLOBAL – Economist says Japan will serve as 'test case' for many European countries.
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NewsUK roundup: Retail prices index, NAPF on state pension
UK – Formulation of RPI fails to meet international standards, ONS says.
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NewsNAPF calls for 'urgent' clarification on initial margins for inflation swaps
UK – Organisation questions amount of collateral required under non-cleared trades.
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NewsEMIR rules will catch many pension funds off-guard, law firm warns
EUROPE – Mayer Brown says schemes wrongly assume they will be exempt from all aspects of regulation.
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NewsVAT exemption could apply to DC pension funds, experts say
EUROPE – Doors 'very much open' to pension fund managers running DC schemes, TMF says.
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NewsIrish funding standard to allow infrastructure bonds as matching assets
IRELAND – Pensions Board says inclusion 'imminent' at Irish Association of Pension Funds conference.
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NewsHouse of Lords criticises 'major deficiencies' of UK pensions
UK – Report calls for greater pension certainty in DC, welcomes defined ambition ideas.
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Public pension liability disclosure a 'win for transparency' – MEP
EUROPE – Sharon Bowles welcomes agreement on government accounting standards.
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NewsUK roundup: Aon Hewitt, smoothing, PIC, Chamber of Shipping
UK – Consultancy says goals of smoothing only possible using 'illogical assumptions'.
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NewsTobin tax threatens economic viability of 'repo' market – ICMA
GLOBAL – Association says controversial financial transaction tax will hinder repurchase deals.
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NewsSecond-pillar payout legislation stymies Polish government
POLAND – Country's first large tranche of second-pillar retirees due in mid-2014.
