IPE's EU Coverage – Page 6
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Opinion Pieces
Pension funds’ FIDA problem must be solved
In June 2023, the European Commission put forward the Financial Data Access (FIDA) regulation, which is currently being discussed in the relevant Council working group and in the European Parliament’s Committee on Economic and Monetary Affairs (ECON).
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Features
Securitised credit keeps on shining
For a market with a difficult past, some could even say an image-problem, securitised credit has been performing remarkably well in recent years.
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Features
A bumper year for convertible bond issuance
The convertible bond market ended 2023 on a strong note with its main index – the Refinitiv Global Focus – returning 6% in the fourth quarter. The optimism has continued into 2024 on the back of reasonable valuations, historically low equity volatility and better opportunites.
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News
Keva leads Finland’s pension majors on 2023 returns with 6.8%
Listed equities shine for pension funds, including Varma, Ilmarinen and others despite last year’s ‘feeble’ Finnish equities
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News
Deal struck on EU ESG ratings regulation
Data providers out, double materiality provisions in, disclosures also for financial market participants
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Opinion Pieces
Europe (still) needs pension capital
The pressure on pension funds to invest in domestic assets never fades. Certain countries, notably in Northern Europe, have dealt with it better, for historical and cultural reasons.
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Opinion Pieces
Cross-border pensions: a better taxation model
When members of the European Union accession generation from central and eastern European (CEE) countries were young they used to dream of visiting Santa Claus in Lapland. As travel abroad was not permitted and communications were not developed, they wrote letters and waited impatiently for their presents to arrive.
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Features
MiFID II reforms: Bye bye unbundling?
A key part of the 2018 MiFID II package, the requirement to unbundle research from execution costs shook up the European asset management industry and changed the relationship between investment managers and their clients.
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Analysis
EU capital markets face an uncertain future
The success of the European Union depends on developing its capital markets, but achieving integration faces political, cultural and technical challenges
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Features
IPE Quest Expectations Indicator - February 2024
IPE’s monthly poll of market sentiment, asking 50 asset managers about their six to 12-month views on regional equities, global bonds and currency pairs
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News
Insurance Sweden says SFDR should be simpler, not used as product label
Design of regulation makes it hard to convey information to the customer, lobby group says
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News
Keva positive on idea of investigating stabilisation mechanism
”Our defined benefit system has not been very ‘defined’ in the longer term,” says head of Keva’s EU pensions team
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Asset Class Reports
Debt investors face European uncertainty
High interest rates and inflation are the biggest concerns as recession looms
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Opinion Pieces
Agreement on Stability and Growth Pact spells Austerity reload
The reform of the Stability and Growth Pact (SGP) proposed by the European Commission (EC) in March 2023 had been criticised from all sides, but just before Christmas, European finance ministers agreed on new terms. The SGP had been suspended in response to the COVID-19 crisis but comes back into force in 2024.
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Opinion Pieces
Pensions are instrumental in Europe’s unfinished capital markets project
This summer will mark 10 years since Jean-Claude Juncker, former EU Commission president, outlined a vision for a European Capital Markets Union (CMU) – a project both uncompleted and still acutely needed.
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Features
Net zero’s bond index problem
The fixed-income space has not been short of sustainability innovations over the years.
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News
NBIM extends long-running Niger Delta engagement with Shell, Eni
Norwegian SWF says ‘still a forward-looking risk of norm violation’ by the oil companies
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News
Irish supervisor warns master trusts to keep up standards despite pressure
Pensions Authority reveals results of this year’s scrutiny of fast-growing MT sector
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News
EU watchdog spells out rules for ‘transition’-labelled funds
Guidelines will be formally published next year
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News
Pension fund money makes up smaller slice of asset managers’ AUM
European asset managers seen tending €29trn in 2023 after stronger markets this year