Latest on Regulation & Reform – Page 79
-
NewsSkandia invests SEK500m in first bond linked to new SWESTR rate
As long-term investor, Swedish pensions firm ‘appreciates transparency’ of new transaction-based reference rate
-
NewsNorges moots general inclusion of unlisted equity in SWF’s universe
Manager of Norway’s NOK13trn GPFG calls for review of mandate - given radical proposals on the table
-
NewsItalian government paves way for pension reforms
Ministry of Labour and Social Affairs is set to meet with the unions on 19 January to start discussing changes to the pension system
-
NewsAustrian regulator intensifies supervision on sustainable products under new EU rules
The Delegated Regulation specifies the content, methods and presentation of information in a ‘practical and precise manner’
-
NewsGerman employers’ associations call on government to act on pension reforms
The German labour market continues to have structural problems, and one solution is to create the right conditions for people to work longer, says BDA
-
NewsATP’s overall risk ‘freezing cold’, says CEO, countering critics
Martin Præstegaard in pre-Christmas post: ‘Following the markets is part of the strategy and a condition for a long-term investor’
-
NewsNorway pensions lobby hails government U-turn on high-earner contributions
Drevsjø says move to exclude pension funds from extra tax relieves them of heavy workloads and more costs
-
NewsISSB releases draft definition of ‘sustainability’ for new reporting framework
The description is intended to provide important context for companies applying the board’s new standards and making materiality assessments
-
Opinion PiecesEuropean authorities must focus on derivatives risk
Opinions may differ on whether Brexit has had a positive or negative impact on either of the parties involved. However, it could be argued that an idiosyncratic event such as the liquidity crisis that took place in the United Kingdom at the end of September could have been averted, had the country been part of the bloc. Investors lost confidence in the UK government, now more isolated than before Brexit, and its ability to maintain its fiscal balance, after the announcement of a massive fiscal spending plan at the end of September. That sent yields on UK Gilts soaring and led to a spiralling lack of liquidity, as pension funds rushed to post collateral on their interest-rate derivative positions.
-
FeaturesPension funds at risk from cyber security threats
Regulators are increasingly focusing on the vulnerabilities of pension funds to the threat of cyber attack, which can bring disruption and potentially large-scale reputational fallout for schemes and sponsors
-
Opinion PiecesGuest viewpoint: Why and how we need to change the conversation about pension reform
In their new book, Power and Prediction, on the disruptive economics of artificial intelligence (AI), authors Ajay Agrawal, Joshua Gans and Avi Goldfarb write about the ‘between times’ between an important new discovery and the time it takes for that discovery to go mainstream. In 1879, Thomas Edison demonstrated the potential of the electric light bulb to change the world, yet 20 years later only 3% of US households had electricity. It would take another 20 years for that number to reach 50% of the population. For electricity the ‘between times’ were 40 years. This prompted the authors to wonder how long the ‘between times’ will be for AI.
-
NewsTPR confirms appointment of Nausicaa Delfas as new chief executive
Her background in governance will be vital to meet the challenges of new legislation
-
News
ISSB requests further staff input on priorities for delayed agenda consultation
Board’s vice chair pledges feedback will be taken into account
-
News
UK regulator’s new DB funding code sparks industry concern
TPR launched its new code today, but experts point to discrepancies with DWP regulations
-
Opinion PiecesViewpoint: Beyond Article 9, is there a regulation to promote real sustainability?
Recent events have shown how anticipating forthcoming clarification on the application of a text that has been published since 2019 has created such confusion that many asset managers have had to reclassify a large number of their funds from Article 9 to Article 8.
-
NewsUK pensions regulator releases new DB funding code
‘The new funding code may be a double-edged sword for sponsoring companies,’ says Cardano Advisory
-
NewsEU Commission rebukes Italian government on early retirement plan
Temporary measures of early retirement schemes would lead to an increase in the deficit of 0.7% of GDP
-
NewsBank of England calls for coordinated LDI regulation in UK and abroad
Financial Policy Committee advises regulatory action from TPR, FCA and overseas regulators, ‘to ensure LDI funds remain resilient to the higher level of interest rates’
-
News
Varma welcomes self-employed pensions law, but wish list remains
Finnish parliament passes proposal to amend the Self-employed Persons’ Pension Act (YEL)
-
News
VBL, APG, PGGM among founders of association to rollout European pension dashboard
The European Tracking Service (ETS) association will formally launch on 1 January 2023
