Swapping out reform

May 2010
Pensions & Investments;5/31/2010, Vol. 38 Issue 11, p10
The author reflects on the provision of swapping in the financial reform legislation of the U.S. He insists that the Department of Labour (DOL) should explain the impact of the swap provision on the pension funds. He believes that swaps are complex financial instruments and Senate legislation instead of ensuring clarity would risk pension fund use, hence the DOL must take initiative in assuring greater transparency.


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