Chile Lawmakers Demand Answers on Pension Fund Swap Losses
Chilean lawmakers are seeking explanations from regulators over how privately managed pension funds were allowed to build up massive bets on US interest rates that are now triggering heavy losses.
By Carolina Gonzalez and Matthew Malinowski · Bloomberg Markets
Chilean lawmakers are seeking explanations from regulators over how privately managed pension funds were allowed to build up massive bets on US interest rates that are now triggering heavy losses.