EU lawmakers to negotiate pension fund clearing exemption

European member states and the EU Parliament will soon begin difficult talks to decide the length of an additional clearing exemption for pension funds.

  • By Jean Comte
  • 13 Jun 2018

The exemption, which has existed since 2012, allows pension scheme arrangements (PSAs) and clearing houses to find “technical solutions” to a perceived mismatch: that clearing houses want collateral in the form of cash, but pension funds mostly hold government bonds. 

The exemption has been extended several times, ...

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