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A version of this article first appeared in Total Derivatives.
Total Derivatives is the prime source of real-time news and analysis of the global fixed income derivatives markets. |
In late January, the European Court of Justice issued its clarification of member states’ responsibilities for failed or underfunded pension funds (go to totalderivatives.com for full details of the judgment). It seems certain that the conclusion was not the extreme one that the UK government dreaded but ultimately didn’t expect.
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