"A coalition of pension fund representative associations across the U.S. and Europe has urged regulators to follow through with a proposed exclusion of pension funds from designation as systemically important. The joint letter responds to the Financial Stability Board and the International Organization of Securities Commissions' consultation document regarding plans to designate non-bank non-insurers as global systemically important financial institutions [SIFI]. Members of the coalition associations provide retirement benefits for more than 100 million individuals, and represent trillions of dollars in assets."  MORE >>