United Kingdom | Publication | April 2024
In a letter sent to the Governor of the Bank of England, and mentioned in a press statement, the Regulator has confirmed that pension schemes are now more resistant to LDI shocks.
The Regulator has welcomed a report by the Bank’s Financial Policy Committee which provided an update on LDI funds’ resilience following the crisis in September 2022. The Regulator’s guidance for schemes using LDI arrangements can be found here.
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On 29 November 2024, the first tranche of sweeping Australian privacy reforms under the Privacy and Other Legislation Amendment Bill 2024 (Cth) (Bill) passed both Houses of Parliament.
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A value-referenced crypto asset (VRCA, commonly known as a “stablecoin”) is a crypto asset designed to maintain a stable value over time by referencing the value of a fiat currency, such as the US dollar, or any other value or right, or a combination thereof. It can be used as a medium of exchange or as a store of value that is less volatile than other crypto assets.
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