Singapore
HOW do you stop life insurers and pension funds from drowning in cash? Let them float on a thicker cushion of equity.
Taiwan's Financial Supervisory Commission did just that recently when it lowered the risk-based capital requirement for insurers. The change, combined with an upcoming tweak in pension funds' investment mandate, could help the local stock market attract between US$25 billion and US$35 billion over the next five years, according to Credit Suisse. That's a lot, considering that...