Thumbs up for central control

This month’s Off The Record poll focused on derivatives, operational risk and custody. Some 61% of respondents felt it was positive that measures in Brussels and the US would force pension funds to clear derivatives using a central counterparty. “Central banks need to be able to control markets in extremis, as we saw two years ago. The only beneficiaries of off-exchange derivatives are investment banks. End users of derivatives should be happy to see them go to central clearers,” said a UK fund. Another UK fund added: “Being transparent will be important”.

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IPE editorial provides coverage of foreign pension funds’ experiences from which we can take ideas; we can also use it to share ideas regarding new and pioneering projects.

Ivonne Forno , CEO of Laborfonds