Pension Funds Greenlighted To Use Swaps
The U.S. Department of Labor’s Employee Benefits Security Administration has issued an advisory opinion that swaps brokers would not be held to fiduciary standards and run the risk of violating the Employee Retirement Income Security Act of 1974, thus paving the way for the sale of swaps to pension funds without fear of prosecution.
The U.S. Department of Labor’s Employee Benefits Security Administration has issued an advisory opinion that swaps brokers would not be held to fiduciary standards and run the risk of violating the Employee Retirement Income Security Act of 1974, thus paving the way for the sale of swaps to
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