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Con Keating: We said this was an endogenous risk spiral and should be expected to happen
“Hidden leverage” was the cause of the “entirely predictable” liability-driven investment (LDI) crisis of the past two months, a Work and Pensions Committee (WPC) inquiry has been told.
In the opening session of the first formal meeting of the WPC's inquiry into defined benefit (DB) pensions with LDI - held this morning (23 November) - the committee heard evidence from independent...
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