Pension funds press for central bank repo backstop
Bank of England support seen as 'only' option to ease collateral fears
Pension funds are pressing the Bank of England (BoE) to act as a liquidity provider of last resort in times of stress, to help address fears about the impact of clearing regulation on the sector.
Speaking on a panel at a Risk conference in London on October 6, David Cobbald, portfolio manager at the UK's Pension Protection Fund, said his and other organisations had spoken with the BoE about how it might help pension funds should they face heavy collateral demands during times of stress.
"Why
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