Credit Default Swaps: Pension Funds Make Last Stand to Avert Clearing
By Louise Bowman
Published April 1 2011 Euromoney
On April 20 the Economic Affairs Committee of the European Parliament (ECON) is due to vote on amendments tabled on OTC derivative legislation. The vote could spell trouble for the pension fund industry, which has found itself ensnared in the wider drive to push the OTC derivatives market on to clearing.
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