New legislation could send pension firms on cash hunt
The Danish FSA is keeping a wary eye on new legislation that comes into force for the pension sector next year, as it could force firms to be able to raise billions in liquidity quickly, if interest rates rise sharply.
by mikkel holmgaard winding, translated by catherine brett
If the interest rate increases continue, pension firms may be forced from one day to another to source huge stockpiles of cash ahead of new EU regulation, which is coming into force next year.
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