When regs bite back
Why did UK insurers avoid the LDI shambles that enveloped many pension plans?
The following article appeared in FT’s Alphaville on 7th November 2022.
In a cruel way it is amusing that the recent LDI shambles rebounded so badly on now ex-prime minister Liz Truss and then-chancellor Kwasi Kwarteng.
After all, in the wake of 2008 the main aim of regulators was to ensure the political order would never again face the risk and responsi…
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