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Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | July 2023
The Regulator has published a blog published on July 12, 2023, in which Chief Executive Nausicaa Delfas suggests that there needs to be a “fundamental mindset shift throughout the pensions industry”.
The Regulator welcomes the Government’s new package of pensions measures outlined in the Mansion House speech. It believes that widening the opportunities for CDC schemes and the introduction of a statutory regime for DB superfunds can help bring about improved governance and the necessary scale to achieve good outcomes.
However, the Regulator indicates that a mindset shift is needed in relation to sophisticated investment governance practices, the scale to drive efficiency and highly qualified trustees challenging advisers to make sure all savers get the best possible pensions.
The intention is to overhaul its DC guidance to support trustees to make well-informed investment decisions and to reflect new duties on trustees to report on their policy on illiquid investments.
In the autumn, the Regulator will provide new guidance on investing in productive finance and update its existing investment guidance for both DB and DC schemes. The new DB funding code will also clarify where DB schemes are able to accommodate investment in growth assets, particularly for open and immature schemes.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
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The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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