Insurers and pension funds may retreat from long-term investments, says Praet
Peter Praet, a member of the European Central Bank’s executive board, on Tuesday has warned that new regulatory initiatives and the low-yield environment may adversely affect the fixed-income strategies of institutional investors, and in turn the financial system.
At the 2011 European Pension Funds Congress during the 14th Euro Finance Week, in Frankfurt, Praet said given the typically long-term investment horizons, insurers and pension funds were a source of stability in financial markets. With
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