Subjecting money market funds to a bank-like regulatory structure would disrupt the short-term money market and increase systematic risk according to this Yale Law School paper. While risk-limiting reforms are important to ensure the continued safety and security of MMFs, this paper argues major revisions such as the floating NAV requirement or bank-like regulation would destabilise an industry that has been remarkably stable. (more…)
The Bolivian Government will nationalise the privately run pension system, with new pension reform law due to be implemented half way through this year. It follows reform from its southern neighbour, Argentina, which nationalised its $24 billion pension fund industry two years ago.
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A mindset change that sees assets allocated according to risk, not capital, as well as the physical splitting of the three separate funds it manages, is setting up the Swiss Federal Social Security Fund for a stimulating year. Amanda White spoke to managing director, Eric Breval.
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Pension funds had diversified into alternatives at the wrong time, CREATE’s chief executive, Professor Amin Rajin said, claiming pension funds were taking too long in their decision-making to make the most of opportunities available.
Across the Asia-Pacific region, interest is growing in the cross-border recognition of registered funds, which would give investors access to a broader range of locally manufactured and regionally distributed products. Establishing a mutually recognised regional funds vehicle would help streamline cross-border recognition, while also encouraging the development of the funds industry across the region.
Just days before the Swedish AP3 releases its annual results, Amanda White spoke to head of asset management, deputy chief executive, Gustaf Hagerud, about the fund’s new dynamic approach to allocating risk. 
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