Dominic Hobson reviews Global Pension Crisis: Unfunded Liabilities and How We Can Fill the Gap

Rich Marin's new book is reviewed by Dominic Hobson.

Rich Marin,  Global Pension Crisis: Unfunded Liabilities and How We Can Fill the Gap, John Wiley & Sons 2013 

Posted on: 05 Sep, 2013
Posted in: Asset Safety


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Local Insights: Bringing Countries Closer to Our Clients

In an increasingly complex world, there’s no substitute for being local. Particularly in emerging markets..

Reduce capital rules for clearing brokers, says ISDA

Industry lobby calls for BCBS to loosen requirements on direct clearing member banks

Posted on: 04 Apr, 2013
Posted in: Derivatives

Canadian pension funds reveals 13% rate of return for 2012

Total assets up to £130bn following bumper year for Ontario Teachers

Posted on: 03 Apr, 2013

Asset owners taking holistic approach to collateral management

Asset owners are increasingly taking a holistic approach to their collateral management processes as a result of their growing retreat from securities lending coupled with the migration of over-the-counter (OTC) derivatives instruments into centralised clearing as mandated under Dodd-Frank and the European Market Infrastructure Regulation (EMIR), according to a Citi study.

Posted on: 30 Oct, 2014

Stock Connect delays should not alarm asset managers and investors

Delays to the much-awaited Shanghai-Hong Kong Stock Connect scheme should not alarm asset managers and investors hoping to transact in mainland Chinese A-shares amid concerns the adjournment is attributable to regulators and market participants struggling to overcome operational hurdles.

Posted on: 28 Oct, 2014

Fund managers still charging end clients for research despite FCA clampdown

Almost three quarters of UK investment firms have taken little or no action to revise the way in which they purchase research using dealing commissions despite the recent clampdown by the Financial Conduct Authority (FCA) on these practices.

Only 21 per-cent of asset managers told the survey by Cordium, the regulatory compliance consultancy, that they had made substantial changes to their policies on purchasing research. The FCA has upped the ante on fund managers offsetting research costs to their investors.

Posted on: 28 Oct, 2014
Posted in: Regulation

MiFID II research rules will have unintended consequences for investors and smaller fund managers

Requirements under the Markets in Financial Instruments Directive II (MiFID II) stipulating fund managers must pay for research through their management fee as opposed to equity commissions will adversely impact smaller firms.

Posted on: 27 Oct, 2014
Posted in: Regulation

EU regulators will struggle to digest data provided by algos and HFTs following MiFID II

European regulators will struggle to digest much of the data they receive from algorithmic traders and high-frequency-traders (HFTs) once the Markets in Financial Instruments Directive II (MiFID II) takes effect.

Posted on: 23 Oct, 2014
Posted in: Regulation

Fund managers' exit strategies from service providers still inadequate

Asset managers are still struggling to implement adequate exit strategies at their outsourced service providers despite the UK Financial Conduct Authority’s (FCA) tough stance on the issue.

Posted on: 23 Oct, 2014
Posted in: Regulation

Hedge fund managers to increasingly defer performance fee pay-outs

The decision by California Public Employees’ Retirement System (CALPERS) to exit hedge fund investing coupled with the Internal Revenue Service’s (IRS) ruling that now permits managers to charge performance fees cumulatively without falling foul of a 2008 tax law change, could lead to more firms deferring performance fee pay-outs.

Posted on: 23 Oct, 2014

Capital adequacy regime under Solvency II could be extended to pensions

Pension funds could dramatically reduce their exposures to alternative asset classes should the Solvency II capital adequacy regime currently imposed on insurance companies be extended to pensions. 

Posted on: 23 Oct, 2014
Posted in: Regulation

Russia continuing with pension reform

Russia is committed to pushing through pension fund reforms amid concerns the government was rolling back on its liberalising measures, according to the Deputy Minister of Finance of Russia, speaking at the Moscow Exchange Forum in London. 

Posted on: 23 Oct, 2014
Posted in: Regulation

Regulators must take preventative not reactive approach to mitigate CCP failures

Global regulators and financial institutions should focus on preventative rather than reactive measures to mitigate the knock-on effects of a central counterparty clearing house (CCP) running into difficulty if one of its clearing members defaults.

Posted on: 16 Oct, 2014
Posted in: Regulation
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Posted on: 11 Jun, 2014

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Posted on: 17 Mar, 2014

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Posted on: 12 Mar, 2014
Posted in: Regulation