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This paper discusses the key sources of vulnerabilities for pension plans and insurance companies in light of the … towards retirement from excessive market volatility; 4) the need to strengthen group supervision for large complex financial … institutions including insurance and pensions; and 5) the need to revisit the resolution and crisis management framework for …
Persistent link: https://www.econbiz.de/10008528682
The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management … practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system … identifies remaining weaknesses, in regard to information disclosure, the governance framework and pension fund management …
Persistent link: https://www.econbiz.de/10008540915
Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress tests and illustrate their strengths and weaknesses. Using an Excel-based template with...
Persistent link: https://www.econbiz.de/10008839343
The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper … heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in … retirement. …
Persistent link: https://www.econbiz.de/10005826298
This paper focuses on asset allocation decisions of life insurance companies in emerging markets. Mature market insurers allocate only a small fraction of their assets to emerging markets because of regulatory constraints, rating pressures, and currency risk. However, global insurers invest...
Persistent link: https://www.econbiz.de/10005825993
This paper focuses on the nexus between pension funds' balance sheet liabilities, reflecting their age profile and … regulatory framework and the highly fragmented and heterogeneous pension fund landscape in Switzerland. Detailed data from the … Swiss Pension Statistic are analyzed using multivariate OLS-regressions. The evidence shows that a younger age structure and …
Persistent link: https://www.econbiz.de/10005825621
This paper focuses on the investment behavior of pension funds in developed and emerging market countries. First, it … analyzes the main determinants of the emerging market asset allocation of pension funds in developed countries. Second, it … assesses how pension funds in emerging markets have contributed to the development of local securities markets. Third, it …
Persistent link: https://www.econbiz.de/10005605118
India's planned pension reform will set up a proper regulatory framework for the pension industry and open up the … the reserves of private sector provident funds to the new pension fund managers. …
Persistent link: https://www.econbiz.de/10005599422
The paper discusses the limits to market-based risk transfer in the financial system and the implications for the management of systemic long-term financial risks. Financial instruments or markets to transfer and better manage these risks across institutions and sectors are, as yet, either...
Persistent link: https://www.econbiz.de/10005599607
solvency of their defined-benefit pension plans. Will this lead to higher contributions? Will higher contributions increase … pension fund regulation? This paper develops a theoretical model to address these questions. Although its scope is more … general, the model captures the main institutional features of the pension system in the Netherlands, a country where the …
Persistent link: https://www.econbiz.de/10005604805