Dutch pension giant APG is concerned that pension funds may lose planned exemptions to derivatives regulations due to European politics, Financial Times reports. The Council of Ministers has proposed an exemption to last five years, while the European Parliament’s economic and monetary affairs committee has proposed a three-year exemption.
The rules will be implemented only if the time periods are reconciled. As pension funds are big users of OTC derivatives, they argued that they be exempt from the requirement to use clearing as it would be expensive.
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