The groundwork for rolling out EU sustainable finance agenda is delivered, write Michel de Jonge and Wessel Mol
Michel de Jonge
Manager international Public Affairs
The UK’s departure from the EU makes it urgently necessary for the Netherlands to enter into new cooperative relationships. Various pension related topics are involved here; we have already discussed sustainable investment in France and an adequate pension in Denmark.
In this third blog in a series of four we look at how we could cooperate with Denmark to achieve good pensions in Europe.
In our second blog on new pension alliances in the post-Brexit era we focus on France.
The UK's departure from the EU leaves the Netherlands seeking new allies in European matters that have an important impact on our pensions.
Basel III/CRDIV requirements effectively prevent banks from accepting non-cash collateral. As a result pension funds, which need derivatives to hedge interest rate risks are now confronted with increasing demand for cash.
PFZW and PGGM respond to call for evidence regarding the EU regulatory framework for financial services.