ING transfers €5B risk to PGGM as Dutch rules eased after lobbying

ING has transferred €5 billion in risks to pension administrator PGGM following successful industry lobbying to relax rules on risk transactions. The regulatory easing signals a broader trend of financial institutions offloading risk to pension funds, potentially increasing systemic interconnectedness. The deal's terms and the exact nature of the risks transferred remain undisclosed, but the move reflects a shift in Dutch financial regulation favoring such transactions.