Securities lending under spotlight in Senate 12 December 2010Washington DC Reporter: Ben Wilkie
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The US Senate Special Committee on Ageing is reported to be investigating the securities lending practices of defined benefit and defined contribution pension schemes.
The chairman of the Committee, Herb Kohl, is said to be concerned that plan sponsors have been restricted when looking to withdraw money from their securities lending accounts.
The Committee is also looking into the abilities of funds to withdraw money from stable value funds.
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