Latest on Regulation & Reform – Page 285
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News'No evidence' EU ban on naked CDS will work – Imperial College
EUROPE – Ban arrives 'at very point investors need CDS protection more than ever'.
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NewsPension funds to fall under scope of financial transaction tax – Brussels
EUROPE – European Commission says impact on schemes' activities will be 'extremely limited'.
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NewsYoung participants in Netherlands want more pensions choices
NETHERLANDS – PensionsLab think tank outlines possible improvements to Dutch pensions system.
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NewsEIOPA likely to submit QIS data before publishing recommendations
EUROPE – Authority now sifting through data from nine countries taking part in first study.
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NewsAEIP demands EIOPA clarification ahead of next QIS
EUROPE – Results of quantitative impact study of 'very limited' use, association says.
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NewsPension funds at 'significant' risk from holistic balance sheet complexity
EUROPE – Dutch Pensions Federation warns of 'inconsistencies' as capital requirements, HBS interact.
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NewsTowers Watson launches multi-employer pension fund
GERMANY – Consultancy says Pensionsfonds will allow for transfer of accrued benefits.
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Exit numbers from Slovakian second-pillar system exceed expectations
SLOVAKIA – Tepid response to Czech second pillar may have influenced participants, expert says.
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Nordic roundup: Oslo Pensjonsforsikring, PenSam, Finanstilsynet, Sampension
EUROPE – Pension fund for Norway’s Oslo Council sets aside NOK800m to fund increased longevity.
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NewsBrussels failing to recognise 'social aspect' of IORP Directive
EUROPE – Commission 'mistakenly' concludes IORP relates to internal market only, AEIP says.
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NewsGermany to allow pension-asset pooling for first time
GERMANY – Consultants talk up potential for new investment vehicle after change in tax laws.
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UK roundup: PPF on deficits, DWP on auto-enrolment
UK – Defined benefit funding improves to best level since November 2011.
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NewsIrish report presents 'misleading view' of pension charges
IRELAND – IAPF says report ignores benefits of occupational pension funds.
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NewsESMA unveils guidelines on pay for alternative fund managers
EUROPE – Alternative investment fund managers must introduce 'sound, prudent' remuneration policies.
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NewsQuantitative impact study for revised IORP Directive a 'complete failure'
EUROPE – German pension fund association VFPK says QIS contains 'grave technical mistakes'.
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NewsParliamentary report calls for 'urgent' removal of NEST restrictions
UK – Lifting restrictions would create certainty ahead of SME staging dates, committee says.
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NewsHolistic balance sheet QIS 'too focused on capital requirements'
EUROPE – PensionsEurope urges Brussels to shift attention towards governance, transparency.
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NewsCCPs, asset managers oppose rehypothecation of securities
GLOBAL – No interest in rehypothecating pension funds' non-cash margin calls for derivatives trades.
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NewsUK roundup: 'Unlawful' Swansea, Rothesay Life, Massachusetts Mutual
UK – Swansea Council criticised for 'unlawful' transfer of assets owned by local pension funds.
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NewsDutch pensions giant ABP settles with Deutsche Bank over RMBS
GLOBAL – Claims against Goldman Sachs, Merrill Lynch, Credit Suisse and Morgan Stanley still pending.
