Today news
About the same in other media
Toxic combo of poor regulation and UK government’s reckless budget triggered pension blow-up, witnesses say in inquiry
Reading now: 603
fnlondon.comA toxic combination of leverage, poor regulation and a reckless UK government budget drove the extraordinary blow-up of the pension system in late September that required a Bank of England bailout, witnesses told a parliamentary hearing on 23 November
The first hearing held by the UK Work and Pensions Committee looked into the debacle that required the Bank of England's rescue of pension funds by buying long-dated bonds to stem market volatility in the £1tn invested in strategies called liability-driven investment.
"The...
Read more on fnlondon.comAbout this in other media
Europe’s energy crisis in data: Which countries have the best and worst insulated homes? euronews.com /2 years ago
Ukraine war: Kremlin critic Ilya Yashin jailed over 'fake news' — and other key developments euronews.com /2 years ago
SIX, Ripple and Middlegame Ventures pump $72 million into Keyrock finextra.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
