The impact of the financial crisis on pension provision globally cannot be overstated. From outright theft of private pension assets in that perennial economic basket case Argentina to the more subtle moves by former Eastern Bloc states such as Estonia and Romania to bring second-pillar pension contributions into the first pillar, the temptation for governments to plunder savings in a bid to prop up their economies has been overwhelming (A race against the future).
The moves by the likes of Esto
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Leaked EU doc could shield legacy swaps from clearing grab
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Industry hails potential US relaxation of margin timing rules