City Of London
Bank of England Calls for ‘Urgent and Robust’ LDI Regulation
Andrew Bailey
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
The Bank of England has recommended the UK take swift regulatory action to strengthen the pensions market after recent bond market turmoil exposed shortcomings in its oversight.
The central bank’s Financial Policy Committee said Tuesday the pensions regulator and Financial Conduct Authority should work with overseas regulators to ensure liability-driven investment funds are more resilient to higher interest rates.