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Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
United Kingdom | Publication | August 2024
The Chancellor of the Exchequer, Rachel Reeves MP, has called on UK pension funds to learn from the Canadian pension system to "deliver better returns for savers and unlock billions of pounds of investment".
In a press release issued on August 7, 2024, Ms Reeves commented that Canadian pension schemes can "invest far more in productive assets like vital infrastructure than ours do" due to their size.
The statement was made ahead of a roundtable meeting with a group of Canadian funds in Toronto. The meeting is part of the government's engagement with industry as part of the widescale review of the UK pensions industry announced following the General Election.
The Chancellor confirmed that her first Mansion House address will focus on the role of the financial services sector in delivering investment and financing growth.
On the same theme, a report from the Pensions and Lifetime Savings Association (PLSA), “Creating a pipeline of investable UK opportunities”, published on August 12, 2024, identifies six areas where either existing barriers could be removed or where pension funds might be incentivised or encouraged to allocate more to the domestic economy.
Publication
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Publication
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
Publication
The conventional wisdom is that ‘securitisation caused the great financial crisis’ (GFC). A further piece of conventional wisdom is that this was due to the misalignment of incentives between securitisation originators and securitisation investors . This conventional wisdom in turn drove much of the regulation of securitisation we now have.
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