EUROPE - The presence of private pension funds on financial markets plays an important stabilising role in the financial system as a whole, according to Gertrude Tumpel-Gugerell, member of the executive board of the European Central Bank (ECB).
In the opening keynote speech given at the European Pension Funds Congress in Frankfurt, Tumpel-Gugerell pointed out pension funds shaped the way financial markets work by enhancing the efficiency,...
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