Angelien Kemna, one of the top executives at Europe's biggest pension fund manager, has warned of the dangers of a short-term approach to regulating the financial industry, and called for new measures to support big investors in financing the European economy.

Kemna, who became chief financial and risk officer for APG last year, having previously been chief investment officer at the €424 billion Dutch pensions manager, set out her thoughts on regulators' surge of post-crisis activity in an article for the management consultancy McKinsey, published in full on Tuesday.