Pensions and Lifetime Savings Association (PLSA), which represents 1,300 pension schemes with £1trn assets under management, said that small, good quality schemes should be given regulatory space to thrive.
The Dutch financial authority AFM and the Netherlands' central bank DNB have released the results of a questionnaire on the interest rate benchmark transition sent to the heads of local banks, insurers and pension funds.
The German Federal Ministry of Finance (BMF) shared the fund industry’s concerns over the lapses in MiFID II reporting, where investors receive excessive product information and less investment advice.
The BIS’s recent quarterly report is the latest to criticise risks posed by collateralised loan obligations.
The European Union’s taxonomy – a classification system to define what constitutes an environmentally sustainable economic activity – has been pushed back to the end of 2021, with application only by 2022.
This status quo was broadly expected by economists.
After Markets in Financial Instruments Directive’s (MiFID II) rules mandated unbundling of research fees, UK-managed equity portfolios saved £70m in the first six months of 2018, said Financial Conduct Authority (FCA).
Amidst stiff resistance from European governments, Facebook’s Geneva-based Libra Association had recently approached the Swiss Financial Market Supervisory Authority (FINMA) for an assessment of its stable coin under Swiss supervisory law. Here’s what the regulator had to say.