OSFI reassures investors

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CANADA - The Office of the Superintendent of Financial Institutions Canada (OSFI) has urged institutional investors to learn the lessons from the credit crisis by carrying out due diligence.

Julie Dickson, superintendent of financial institutions, said recent events clearly showed the need to know what risk has been transferred and whether it could come back to bite investors. Dick...

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More on Central & South America

Central & South America

ING sells LatAm business for €2.7bn

LATIN AMERICA - Dutch firm ING Groep has agreed to sell its Latin America pension and life insurance business for €2.7bn ($4bn) to Colombian firm Grupo de Inversiones Suramericana (GRUPOSURA).

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Central & South America

Puerto Rico credit rating may be cut over pensions

PUERTO RICO - Puerto Rico's A3 general-obligation debt rating is under review for a possible downgrade because of pension strains, Moody's Investors Service said.

Alison Vekshin and Simone Baribeau at Bloomberg News
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Central & South America

LatAm assets to hit $1.4trn

LATIN AMERICA - Assets in Latin American pension and mutual funds will hit $1.4trn over the next five years, with Chile emerging as the most attractive market for asset managers, a new report shows.

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