At the same time, the chapter of earmarked bonds in pension savings should be brought to a close, as has been done in all other savings channels, to deepen and stabilize the tradable bonds market. This should not be applied to existing funds, including those launched in 1995, but only to new ones introduced from the date the change is implemented.
Yannis Stournaras: Open and orderly capital movements - does global co-operation matter? Speech by Mr Yannis Stournaras, Governor of the Bank of Greece, at the OECD High-level policy seminar on "Open and orderly capital movements: does global co-operation matter? ", Paris, 25 October 2016.