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Chile Lawmakers Demand Answers on Pension Fund Swap Losses

Bloomberg Markets Wednesday 14 October 2026, 17:21 UTC By Carolina Gonzalez and Matthew Malinowski 1 min read
Key Points

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. Socialist deputy Daniel Manouchehri said Congress will ask the pensions regulator what oversight it exercised and how big the funds’ potential losses are. They will also request Chile’s Comptroller General to review the legality of the...

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. Socialist deputy Daniel Manouchehri said Congress will ask the pensions regulator what oversight it exercised and how big the funds’ potential losses are. They will also request Chile’s Comptroller General to review the legality of the regulator’s actions, he said.
Chile Lawmakers Demand Answers (ORG) Chilean (ORG) US (LOCATION) Socialist (ORG) Daniel Manouchehri (PERSON) Congress (ORG) Chile (LOCATION) Comptroller General (ORG)
Originally published by Bloomberg Markets Read original →

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